1 of 1
Story summary
- Apple posted Q3 revenue of $109.4 billion and net income of $29.8 billion, beating estimates.
- Shares fell up to 8% after hours and settled about 6% lower after Apple guided next-quarter revenue growth of 9-11%, below the 12% forecast.
- Tim Cook said this was his final earnings call as CEO, will become executive chairman, hand the role to John Ternus, and cited supply constraints that forced price hikes on Macs and iPads.
