Apple posts strong results for its fiscal third quarter ended in June, with revenue rising about 16% to roughly $109.4 billion (at least one report cites “over $109 billion”). Earnings per share are reported at $2.02, which includes a tariff-related refund of 11 cents per share. Multiple outlets describe the quarter as a notable one for CEO Tim Cook because it is his last earnings report as CEO ahead of leadership transition to John Ternus.
Sales performance includes gains across major product lines. iPhone revenue increases substantially, reported as about 22% to $54.25 billion, and Mac revenue grows around 29%, with one outlet attributing strength to MacBook Neo demand. Both outlets also reference Cook’s comments about broad industry conditions affecting memory prices, describing the situation as a “100-year flood.”
Despite the topline growth, Apple’s shares fall in reaction to the results and guidance. One report describes the stock dipping as much as 8% after weaker September guidance, while another notes a “stock dip” in connection with the quarter.
