Apple Shares Dip Despite Strong Earnings as Macro Concerns Loom

Apple's stock retreated 2.5% intraday despite posting a standout fiscal Q3 performance, with $1.57 EPS and $94B revenue exceeding estimates. The 10% YoY growth marked the company's strongest expansion since 2021, fueled by $44.5B iPhone sales and strategic tariff-driven purchases.

CEO Tim Cook hailed "an exceptional quarter by any measure," though $800M in tariff costs weighed on results. Guidance suggests maintained momentum with mid-to-high single digit Q4 revenue growth and stable services expansion at 13%.

The market's muted response may reflect broader anxieties. Renewed tariff rhetoric from former President Trump and soft jobs data created headwinds for consumer tech stocks, overshadowing Apple's operational success. cryptocurrency markets showed no direct reaction, with major coins like BTC and ETH remaining rangebound during traditional market hours.