Apple revenue, profits beat expectations on iPhone, Mac sales
Apple reported fiscal third-quarter sales of $109.42 billion, exceeding Wall Street's expectations of $108.65 billion, driven by a 21.7% increase in iPhone sales to $54.25 billion. Profits reached $2.02 per share, surpassing estimates of $1.89, even without accounting for tariff refunds. Despite the positive results, Apple shares fell 2.6% in extended trading, as analysts anticipate potential price hikes for iPhones ahead of the fall launch event.