Tim Cook takes victory lap as Apple’s financial results soar past Wall Street expectations

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Apple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down.Cook shared his thoughts about the leadership transition on Thursday, saying: “There’s no one on this planet I trust more to lead Apple into the future” than incoming CEO John Ternus.Asked by an investor what advice he has given Ternus, Cook said: “Never forget the north star for the company.You know, we’re about making the best products in the world that really enrich other people’s lives.”Ternus spoke briefly, too, praising Cook’s thoughtfulness in financial decision-making and saying: “This is the most exciting time in my 25-year career at Apple to be building products and services.

”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 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.OpenAI, Google and Microsoft buying up much of the world’s memory chip supply has made them more expensive, increasing costs for Apple to build its products.Cook warned Thursday that there would be “significantly higher” memory costs in the third quarter, but told investors that the main supply constraint for Apple were the advanced nodes that chips are produced on, not the memory chips.Samsung reported its quarterly earnings the same day, which showed a nearly 50-fold increase in memory chip profit.

Ternus also inherits a complicated privacy legacy.While Cook has fought hard for these protections in the US, he has made significant concessions in China – Apple’s second-largest and fastest-growing market.Cook said he was thrilled Thursday by increasing revenue in China – primarily driven by iPhone sales – and that he sees a “huge opportunity” and is “over-the-moon excited” about India, too.India hosts the second-biggest phone market, and Apple currently has only a “modest share” there, he said.Cook also spoke about how Apple is approaching AI: “not as a standalone feature” but as an “essential, intuitive part of the experience across our devices”, citing AirPods’ live translation feature and a promise to release a revamped Siri later this year.

Cook said the company “under-called the level of enthusiasm” consumers would show for the newly released, budget-focused MacBook Neo.Ternus, currently senior vice-president of hardware, joined Apple’s product design team in 2001.Apple has said his contributions were instrumental in introducing many new products, including the iPad and AirPods, as well as many generations of iPhone, Mac and Apple Watch products.Ternus is expected to be in charge by the time Apple launches its first foldable iPhone later this year.
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How to turn old pitta into spiced chips – recipe | Waste not

Three years ago, I helped my friend, the chef Sam Webb, set up Babette, a street food stall at Newquay Boathouse. Webb and his team make everything from scratch and, wherever possible, using only local Cornish produce, from their hot honey (sourced from the Rescued Bee) to pitta with freshly milled flour from Cornish Golden Grains; he also grows his own produce with fellow restaurateur Matt Comley at Gannel Valley Gardens.As you might expect, saving food waste is at the top of Webb’s agenda, which is how he came to create waste-saving pitta chips to serve with hummus. It’s a recipe I couldn’t resist, not least because they take minutes to cook. What makes Webb’s pitta chips unique is their wonderful seasoning of sumac, za’atar and sea salt just before serving

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Why sweet, chewy dates go perfectly with chocolate – and the best ones to try

I first cemented the allure of the “chew” aged 14, working illegally as a chambermaid (I lied about my age) and finding a guest’s Gummy Bears laid open – a breach I heavily exploited. Recently this chew need has been sated by dates and their use in chocolate as a healthy caramel. Dates do have nutritional benefits over mere sugar: fibre, minerals, antioxidants and make a great pre-workout boost.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link

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The perfect birthday cake: tips for the best blow-out

What’s the best birthday cake?Katie, by email“My mum once made a cake with mini rolls made to look like cats with googly eyes and strawberry lace tails,” says Nicola Lamb, author of Sift and the Kitchen Projects newsletter. And that’s the whole point of a birthday cake, right? It should align with the recipient’s favourite thing: “That could even be a lasagne,” Lamb says. “I’m not at all prescriptive about what you stick a candle into.”Of course, some cakes are a safer choice than others. Take the Victoria sponge: “I don’t think anyone is going to have a problem with a plush vanilla sponge, jam and cream job,” Lamb says

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Rukmini Iyer’s quick and easy recipe for green chilli eggs with coriander and coconut | Quick and easy

This might look like a shakshuka, but with lemongrass, ginger and lime, you couldn’t really get away with calling it one – particularly because the noodles make this an easy, flavour-packed one-pan dinner. The crunch of the peanuts is particularly good against the lime-spiked coconut milk – a perfect transitional “is it spring yet?” dinner.Prep 15 min Cook 15 min Serves 21½ tbsp neutral oil 2 garlic cloves, peeled and grated½ stick lemongrass, finely chopped½-1 green chilli, finely chopped (remove the pith and seeds first if you want less heat)5cm piece fresh ginger, peeled and finely gratedJuice and zest of 1 lime 2 large echalion shallots (or small onions), peeled and finely sliced1 tsp freshly ground coriander seeds 1 tsp flaky sea salt 320g baby spinach400ml tin coconut milk, whisked smooth150g packet straight-to-wok medium noodles2 eggsTo serve 15g coriander, roughly chopped 50g salted peanuts, finely chopped½ green chilli, finely sliced (remove the pith and seeds first if you want less heat)Heat the oil in a large, deep frying pan on a medium heat, then add the garlic, lemongrass, chilli, ginger, lime zest and shallots. Stir-fry for four to five minutes, until the shallots are soft and the mixture is aromatic and starting to brown lightly, then turn down the heat and add the ground coriander and salt. Stir-fry for 30 seconds, add the spinach and cook for two minutes, until it is just wilting

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A pasta bake and a sumac salad: Sami Tamimi’s prep-ahead sharing recipes

My ideal way of entertaining is completely fuss-free, with everything prepared ahead of time so I can enjoy being with my guests rather than worrying about cooking. I like to put big, generous dishes in the middle of the table, such as this one-tray chicken, pasta and chickpea bake, alongside a fresh salad, so everyone can serve themselves and share a simple, delicious meal.This is a comforting and flavourful dish that brings together tender chicken, hearty chickpeas and perfectly cooked pasta in a rich, pungent sauce. It’s a simple yet satisfying meal that’s ideal for busy weeknights or casual family meals. Everything cooks together in the oven, and the flavours blend beautifully while keeping prep and washing-up to a minimum

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The truth about cooking oils: 14 essential facts for healthier, cheaper meals

From avocado to hemp, extra virgin olive and rapeseed, the shops are packed with various oils. But what is worth spending money on? And are any of them actually better for you? The world of cooking oils is confusing. I keep spotting new ones on supermarket shelves, trumpeting their health claims. Cold-pressed avocado oil, extra virgin macadamia oil, organic coconut oil, premium hemp seed oil … Even familiar oils are mired in controversy. Is it OK to cook with olive oil? Should you avoid seed oils? Meanwhile, prices keep rising – earlier this month, Walter Zanre, the CEO of Filippo Berio UK, said supermarkets were “taking the mickey” out of customers over olive oil pricing