Apple Inc. reported fiscal third-quarter results that topped Wall Street expectations on overall revenue and earnings, driven by strong iPhone and Mac sales. However, weaker-than-expected performance in China and its high-margin services business weighed on investor sentiment, sending shares down about 3.9% in after-hours trading.
Apple Inc (NASDAQ:AAPL, XETRA:APC) reported fiscal third-quarter revenue and profit that topped Wall Street expectations, driven by stronger-than-expected iPhone and Mac sales, though shares fell more than 4% in after-hours trading. The company posted revenue of $109.42 billion, up 16.4% from a year earlier and above analyst estimates of $108.85 billion.
Apple is set to report earnings after the closing bell today, with traders expecting the iPhone maker's stock could near its recent record following the results.
Apple (NASDAQ: AAPL | AAPL Price Prediction) and Amazon (NASDAQ: AMZN) both report fresh numbers on July 30, 2026, and their last quarters set up a fascinating split.
D.A. Davidson analyst Gil Luria dropped a striking number on The Real Eisman Playbook: “The cumulative run rate of OpenAI and Anthropic right now is clearly above $75 billion.
Stock futures are pointing to a higher open for major indexes after yesterday's massive sell-off. ; the U.S. and Iran are trading strikes again as hopes for new peace talks have fallen apart; the Fed's preferred gauge of inflation is expected to show that price increases slowed last month; shares of Meta and Microsoft are making big moves after their latest earnings reports, just in opposite directions; and Apple and Amazon are set release their quarterly results after the closing bell.
There's a new red-hot memory chip stock in town, ChangXin Memory Technologies (CXMT), a lesser-known Chinese company that most investors probably never heard of before its blockbuster IPO and 531% single-day surge, as well as reports swirling around business with Apple (NASDAQ:AAPL | AAPL Price Prediction) as it looks to diversify beyond the Big Three memory makers amid the global supply crunch.
Even as broader tech names and momentum plays have faltered, Apple has hit new all-time highs.
AAPL's fiscal Q3 sales may gain from strong iPhone 17 demand, while Mac growth offsets tougher iPad comparisons and supply limits.
Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment.
Apple stock is rising and on pace to end Wednesday's trading session with a market value above $5 trillion for the first time in the company's history.
Apple (NASDAQ: AAPL) has reached a $5 trillion market cap, rising 21.5% over the past month and overtaking Nvidia(NASDAQ: NVDA) as the most valuable company, trading at $341.38 at the time of writing, July 29.