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Reuters

Apple tops estimates as iPhone sales jump 21.7%, but services miss weighs on shares

AI Market Summary
Apple posted fiscal Q3 revenue and EPS above expectations, driven by strong iPhone growth and better-than-feared margins, but services revenue missed Wall Street targets and signaled potential deceleration in a key high-margin segment. After-hours shares fell, reflecting concerns that iPhone demand may be front-loaded and that services momentum could weaken as hardware growth normalizes. The report can shift near-term positioning across large-cap tech.
Impact level
● High
Affected assets
NCSKAAPL2USD/USDT-8.80%
AI Insight · NCSKAAPL2USD/USDTAI Insight
● Neutral
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Apple reported fiscal third-quarter revenue of $109.42 billion for the period ended June 27, up 16.4% from a year earlier and above expectations. Earnings came in at $2.02 per share, including $0.11 tied to U.S. government tariff refunds, and still exceeded forecasts even without the refunds. iPhone revenue rose 21.7% to $54.25 billion, helping lift results. Services revenue missed Wall Street targets, and the stock fell 4% in after-hours trading.