Apple Defies Market Slump with Record Revenue and Earnings Growth

Apple's stock price surged to $312.12 on Monday, defying a 0.6% drop in Nasdaq futures.

The consumer-tech giant behind the iPhone saw its revenue jump 16% to $109.4 billion in the fiscal third quarter, while diluted earnings rose 29% to $2.02 per share.

Gross margin hit 50.1%, with a two-percentage-point boost from tariff refunds.

This discipline helps protect Apple's cash flow, but investors are already demanding near-perfect execution.