Apple Inc.AAPL
▼ NegativeCapitalrelevance
Revenue beat but services and China revenue missed estimates, and stock fell 2% after-hours.
Impact on stocks 1
Artificial Intelligence
Apple Inc.Apple reported fiscal third-quarter earnings of $2.02 per share, exceeding Wall Street estimates of $1.80, while revenue reached $109.42 billion against expectations of $108.85 billion. iPhone revenue came in at $54.25 billion, above the Street's $53.6 billion forecast, and services revenue was $30.74 billion, slightly below the $31.36 billion consensus. Greater China revenue was $18.82 billion, missing the $19.58 billion estimate. The stock was down about 2% in after-hours trading, having risen roughly 20% year to date ahead of the results.
Apple Inc.Revenue beat but services and China revenue missed estimates, and stock fell 2% after-hours.