“`markdown
Apple Inc. (NASDAQ: AAPL) reported a strong fiscal third quarter for 2026, with revenue increasing 16% year-over-year to $109.4 billion and a significant 22% rise in iPhone sales, amounting to $54 billion. The company’s gross margin expanded from 46.5% to 50.1%, and earnings per share reached $2.02, up 29% compared to the previous year. These results come as CEO Tim Cook prepares to hand over leadership to John Ternus, marking a pivotal moment for the company.
Despite these strong results, Apple’s fourth-quarter guidance disappointed investors, projecting revenue growth of only 9% to 11%, below analysts’ expectations of 12%. This has contributed to a 9% decline in stock value following the earnings report. The market attributes the guidance pressure to currency headwinds and supply constraints, while the company also plans to raise prices on some products due to rising memory costs.
Amidst these challenges, Apple’s stock remains a focus for investors, who see it as a reliable investment with robust demand for its products, including a 29% increase in Mac sales during the quarter.
“`
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
