Apple's fiscal third quarter revenue beats expectations, with its shares falling more than 4% in after-hours trading.
2026.07.31 08:06:38
Apple released its third-quarter financial results after U.S. stock market hours. The company’s revenue reached $109.4 billion, beating expectations and rising roughly 16% year-over-year. iPhone and Mac sales were strong, but its fourth-quarter revenue guidance came in below expectations due to memory shortages, while revenue from China and services also missed forecasts, leading to a post-market decline in its share price. This was Tim Cook’s final earnings release as Apple’s CEO, with John Ternus set to take over the role in September. However, the results failed to lift its share price. According to market data from BIT (bit.com), Apple’s shares closed down 1.4% in regular trading ahead of the earnings announcement, and extended losses to over 4% in after-hours trading following the release.
An analyst has commented that Anthropic's decision to add watermarks to content generated by its Claude AI is the company's most severe act of self-sabotage to date.
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