Apple Inc. (NASDAQ: AAPL) beat analysts’ expectations in fiscal Q3 results (ended June 26), driven by strong Services revenue along with outstanding iPhone sales. However, shares of the tech giant decreased 2.1% in Tuesday’s extended trading session, after closing 1.5% lower on the day. Investors’ disappointment was driven by management’s expectations of slow sales growth in iPhone and iPad in the current quarter, due to supply constraints. Additionally, lower demand for services is expected to fuel the slowdown. The company reported Q3 earnings of $1.30 per share, which doubled on a year-over-year basis and outpaced Street estimates of $0.82 per share. Revenues jumped 36% to $81.
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Apple (NASDAQ:AAPL)
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