Apple reported $109.4 billion in revenue, up 16% year-over-year but missing consensus estimates of $117.14 billion, with EPS also falling 6.9% short; iPhone sales hit $54.3 billion (+22%) and Mac reached $10.4 billion (+29%), both June-quarter records, while services grew 12% to $30.7 billion. The stock fell 7.4% post-earnings as investors questioned whether supply constraints masked softer demand and whether the installed base of 2.5 billion devices plus Siri AI features can drive sustained acceleration beyond a replacement cycle. Management highlighted on-device AI and Neural Engine investments since 2017, yet early adoption at 38% and mixed reviews leave the multi-year growth outlook uncertain amid China competition.

Company: Apple Inc. (AAPL) — Q3 FY2026

🎙️ Want podcasts like this on any of 5,000+ companies? Podfolio turns earnin ...