Wedgewood Partners highlighted Apple as a top contributor to performance in its second-quarter 2026 investor update. Apple’s revenues grew 17%, driven by 22% growth in iPhone and 16% growth in services. The iPhone 17 family has catalyzed a solid upgrade cycle ahead of an expected strong launch later this year featuring a new foldable form factor. The company recently raised prices on some devices to pass through rising DRAM input costs, leveraging its strong negotiating leverage as a major memory purchaser. Apple shares gained 57.81% over the past 52 weeks and closed at $333.26 on July 16, 2026, with a market capitalization of $4.89 trillion.
Apple Inc.iPhone revenue grew 22% driven by a solid upgrade cycle for iPhone 17, and services grew 16%.