Strong iPhone sales propel Apple's fiscal Q3 results past Wall Street's expectations

Apple's fiscal Q3 results exceeded Wall Street expectations driven by strong iPhone and MacBook sales. The company raised prices on Macs and iPads due to a memory-chip shortage linked to the AI boom and reported a 27% increase in earnings and 16% revenue growth. Tim Cook announced his retirement, with John Ternus set to succeed him as Apple's head of hardware engineering.