Apple Reports Mixed Q3 Earnings
Apple's Q3 2026 earnings reveal a 16% revenue increase to $109.4 billion, but stock prices drop 10% due to supply constraints and regulatory changes affecting Services growth. Tim Cook's final earnings call as CEO marks a transition to Ternus. The company warns of significant supply constraints next quarter.
Key points
- Apple reported Q3 2026 earnings with $109.4 billion in revenue, a 16% increase.
- Apple stock opened down roughly 10% following mixed Q3 2026 results.
- Tim Cook confirmed he will step down as CEO and Ternus will take over earnings calls.
- Supply constraints are expected to increase 'significantly' next quarter.
- Regulatory changes in the App Store are affecting Apple's Services growth.
Apple's Q3 2026 earnings have been released, showing a 16% revenue increase to $109.4 billion. However, the stock price dropped 10% due to concerns over supply constraints and regulatory changes affecting Services growth. This marks Tim Cook's final earnings call as CEO, with Ternus set to take over. The company has warned that supply constraints will increase significantly next quarter, potentially impacting future earnings. Regulatory changes in the App Store are also affecting Apple's Services growth, a key area of focus for the company.
Sources
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