Apple Stock Falls Amid Strong Earnings Beat

Apple's fiscal Q3 2026 earnings report revealed a surprise beat in revenue and profit, but investors were quick to sell off shares due to a disappointing guidance for the next quarter. The company reported iPhone sales up 22% at $54.3 billion, with earnings per share of $2.02 exceeding analyst expectations.

The services sector also showed consistent growth, while wearables and accessories maintained their appeal. However, Apple's lower guidance for Q4 indicates a potential slowdown in growth, citing supply constraints and margin pressures due to chip sourcing and manufacturing limitations.

CCEO Tim Cook's final appearance before his departure added a layer of uncertainty to the company's future, with investors concerned about sustaining triple-digit growth rates. Following the release, Apple's stock declined to $311.25 in after-hours trading, down from a closing price of $333.43, reflecting a 6.65% drop.