Apple Inc. shares declined following the release of its financial results for the third quarter of fiscal year 2026, despite growth in key metrics and strong operational performance. The drop in quotes was driven by weak forecasts for the upcoming period, caused by ongoing supply chain constraints.

In the third quarter, company revenue grew by sixteen percent year-over-year to 109.4 billion dollars, while earnings per share rose by twenty-nine percent to 2.02 dollars. Apple’s active device base reached a record high of 2.5 billion units worldwide.

The reporting period marked the final full quarter for Tim Cook as Chief Executive Officer. Effective September 1, he transitions to the role of Executive Chairman of the Board of Directors, while John Ternus, former head of Hardware Engineering, takes over as CEO.

Despite the short-term dip in share prices, experts highlight the long-term attractiveness of the asset. Key growth drivers include strong demand for the iPhone 17, the potential launch of a foldable model, active monetization of AI-based services, and the scaling of capital return programs via dividends and share buybacks.