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Apple fiscal Q3 revenue hits $109.42 billion as iPhone sales climb 21.7%

AI Market Summary
Apple's fiscal Q3 results beat expectations, with revenue up 16.4% to $109.42B and EPS of $2.02 aided by U.S. tariff refunds. iPhone sales surged 21.7% to a record $54.25B for the quarter, signaling resilient consumer demand despite electronics price pressures and memory-chip shortages. Management flagged constraints tied to limited advanced chipmaking capacity, keeping supply-chain risk in focus.
Impact level
● Medium
Affected assets
NCSKAAPL2USD/USDT-8.03%
AI Insight · NCSKAAPL2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Apple reported fiscal 2024 third-quarter results with total revenue of $109.42 billion, up 16.4% year on year, beating market expectations. Earnings were $2.02 per share, including U.S. government tariff refunds. iPhone revenue rose 21.7% to a third-quarter record $54.25 billion, even as memory chip shortages pushed up Mac and iPad prices.
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