Apple Shares Drop as Fiscal Q3 2026 Report Shows iPhone Growth
On July 30, Apple released its fiscal third-quarter 2026 report as shares fell as much as 10%. iPhone shipments rose 15.3% year over year and iPhone revenue reached $54.25 billion, up nearly 22%. Apple guided fiscal Q4 gross margin to 47%–48% and revenue growth to 9%–11%, with supply constraints expected to weigh on iPhone, iPad, and Mac, while services revenue came in at $30.7 billion.