Apple (AAPL -2.20%) closed the Tim Cook era with its best June quarter ever, with revenue rising 16% year over year to $109.4 billion. Services, which may have been one reason shares sold off, was the softest of Apple's three biggest revenue categories. At that valuation, even the best June quarter in Apple's history arguably just confirms what the market already believed: shares were getting ahead of themselves. The after-hours slide looks less like a business problem and more like a pricey stock taking a breather. Overall, however, Ternus inherits a company growing faster than it has in years, and a stock already priced for it.