Apple’s Record iPhone Boom Just Became a Wall Street Trap
4 Articles
4 Articles
SCIENCE & TECH: Apple revenue, profits beat expectations on iPhone, Mac sales as Tim Cook era nears end
Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products, and shares fell 6% in after-hours trade. Chief Financial Officer Kevan Parekh told analysts and investors on a call that the iPhone maker expects revenue growth of 9% to 11% in the quarter compared to the year before. That was less than the 12% rise predict…
Apple’s record iPhone boom just became a Wall Street trap
Apple (AAPL) reported the type of quarter that should have sent its stock price skyrocketing. Revenue rose 16% from a year earlier to $109 billion, while profit increased 26% to $29 billion. iPhone sales jumped 22%, Mac revenue climbed 25%,…
Tim Cook rang the alarm at the third quarter 2026 results conference. Apple's boss anticipates growing supply difficulties for its three flagship devices in the coming months.
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