Apple Posts Record $112 Billion Profit as AI Lawsuit Erupts

Apple's (AAPL) fiscal year 2026 net profit came in at approximately $112 billion, according to recent reports. This figure marks a significant milestone for the company, with shares up around 12% year-to-date and a market capitalization of nearly $4.43 trillion.

The tech giant has also been making headlines with its lawsuit against OpenAI and two former employees, alleging theft of trade secrets. Apple is seeking to block access to these materials, expedite discovery, and expand the probe to 11 more ex-staff members and a startup.

Despite this development, some analysts remain cautious about the impact of AI on Apple's growth prospects. GF Securities downgraded AAPL to Hold, citing concerns that AI is not yet a clear catalyst for the company's expansion.