Apple reported Q3 revenue of $85.8bn, up 5%, with services revenue up 14% to $24.2bn.
Apple reported solid Q3 results, with revenue up 5% to $85.8bn (beating analyst expectations), profits up 11% to $1.40/share, and services revenue up 14% to $24.2bn. iPhone sales declined 1%, but the company recorded a new high in installed iPhone user base and reported rising sales on a constant-currency basis. However, the stock experienced a dip due to market sell-off and high valuation, leading some to recommend waiting for a pullback before considering a purchase.
August 10, 2024
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