Apple Beats Earnings, but Services, China Disappoint: How Should Stock Traders Position?

Apple delivered stronger-than-expected fiscal third-quarter results, beating Wall Street estimates on both revenue and earnings per share.

However, the stock fell in after-hours trading as investors looked beyond the headline beat, focusing instead on weaker-than-expected Services and Greater China revenue, along with one-time tariff refunds that boosted profitability.

Apple Delivers Record Quarter but Shares Slip

Apple reported fiscal third-quarter revenue of $109.42 billion, surpassing analysts' expectations of $108.65 billion. Diluted earnings per share came in at $2.02, comfortably above the consensus estimate of $1.89.

The company described the period as its strongest June quarter ever, driven by double-digit growth across iPhone, Mac, and Services. Revenue increased 16% year over year, while net income rose to $29.79 billion.

Despite the earnings beat, Apple shares fell more than 4% in after-hours trading, suggesting investors had already priced in strong results after the stock's rally this year.

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