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Jefferies Downgrades Apple as iPhone Worries Mount. What This Means for AAPL Stock
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BizToc
posted a strong fiscal third quarter.
Revenue hit a record $109.4 billion, up 16.4% from a year earlier, while earnings per share rose 29% to $2.02.
iPhone revenue climbed 21.7% to $54.3 billion, making it Apple’s best June quarter ever.
But investors were not impressed.
Shares fell 7.4%…This story appeared on barchart.com , 2026-08-11 19:24:55.