Apple expects fiscal fourth-quarter revenue to grow between 9% and 11%. This forecast trails analyst estimates of 12% or more. The company anticipates significant supply constraints for the iPhone, Mac, and iPad. Foreign currency fluctuations will create a 2.5 percentage point headwind.
Apple reported record fiscal third-quarter revenue of $109.4 billion. Earnings reached $2.02 per share, exceeding Wall Street targets. Strong iPhone and Mac sales drove the quarterly results.
Revenue from the services division and Greater China missed analyst expectations. Apple shares fell significantly in after-hours trading following the report.