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This Week in Tech · Monday, August 3, 2026

Apple Reports Strong Q3 Earnings with $109 Billion Revenue, Stock Dips

Apple announced its fiscal third quarter results, reporting revenue of $109 billion, a 16% increase year-over-year. Despite double-digit growth in iPhone, Mac, and services, the company's stock fell 8% after the announcement. This marks the last quarter under CEO Tim Cook, with John Turnis set to take over.

tickerAAPLpersonTim CookpersonJohn TurniscompanyApple

The tape

3 quotes
“Revenue of $109 billion, which is up 16%. This quarter is in, it's its fiscal third quarter and it's not normally its big quarter.”
“Stock fell 8%.”
“And, you know, next time it'll be the new CEO, John Turnis, at the helm.”
Heard on This Week in Tech — “TWiT 1095: Horses and Sailboats - Folding Phones Get Cute and Expensive in a Race With Apple”, published Monday, August 3, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
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Apple Reports Strong Q3 Earnings with $109 Billion Revenue, Stock Dips — Heardvine