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Strong iPhone sales propel Apple's fiscal Q3 results past Wall Street's expectations
Apple exceeded Wall Street's expectations in fiscal Q3 with $29.79 billion in earnings and $109.42 billion in revenue, driven by strong iPhone and MacBook sales. The company raised Mac and iPad prices due to memory-chip shortages linked to the AI boom but has not yet increased iPhone prices. Tim Cook announced his retirement, and John Ternus will succeed him as Apple's head of hardware engineering.
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