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Wednesday, July 28, 2021

Apple Stock Is Under Pressure. There’s a Silver Lining. - Barron's

Apple delivered another stunning quarter, crushing earnings estimates across the board. Apple registered nearly $40 billion of iPhone sales in its fiscal third quarter, beating Wall Street expectations by an eye-watering $5 billion.

Yet the euphoria quickly turned to disappointment for investors as Chief Financial Officer Luca Maestri said revenue growth would slow in the September quarter. The “very strong double-digit” growth, Maestri said, won’t match the 36% growth in the June quarter.

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