◆ NeutralAAPL
Tim Cook's Last Quarter as CEO Was Apple's Best June Quarter Ever. The Stock Fell Anyway.
The Motley Fool·
Apple reported its best June quarter ever under Tim Cook with $109.4 billion in revenue (up 16% YoY) and strong earnings growth across iPhone and Mac. However, the stock fell as much as 8% after-hours due to investor concerns about slowing Services growth (12% YoY), upcoming supply constraints, rising memory costs, and a valuation already priced at 40x earnings. John Ternus takes over as CEO on September 1.
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