Breaking Down Apple's Q3 Results and Outlook
Apple's Q3 revenue exceeded analyst expectations, reaching $109.42 billion, with EPS at $2.02 per share, beating the $1.89 estimate. However, sales in China and the services division fell short of projections, amounting to $18.8 billion and $30.7 billion respectively. Mac revenue significantly outperformed expectations, exceeding $10 billion, driven by the success of Apple's in-house silicon.
Investors will be closely watching Apple's guidance on the upcoming earnings call, particularly regarding gross margins and the sales impact of new product launches like the iPhone 18 Pro and foldable iPhone.