Apple Earnings Crushed Expectations. Why the Stock Is Dropping. - Barron's

Apple posted blowout results for its fiscal third quarter, ended June 30, but the stock edged lower in late trading.

In premarket trading, Apple shares were down 1% to $145.28.

For the quarter, Apple (ticker: AAPL) reported revenue of $81.4 billion, up 36% from a year earlier, an increase driven in particular by continuing strong demand for...

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