Apple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down. Cook reported Apple’s “best March quarter ever” and “double-digit growth across every geographic segment”. He also noted “extraordinary demand for the iPhone17 lineup”. Apple crushed Wall Street expectations of $110bn in revenue, racking up $111.2bn for the second quarter of 2026. That trend held in greater China, where revenue reached $20.4bn. Apple also beat Wall street expectations of $1.96 in its earnings per share, and reported $2.01. Apple’s stocks rose in after-hours trading after the release. Apple’s 20 April announcement that John Ternus would take over as the company’s top executive in September comes at a critical juncture for the iPhone maker. Apple has not invested as heavily in AI as its biggest competitors but it’s still bearing some of the costs from the AI boom.…