Tim Cook’s Swan Song At Apple Sees Quarterly IPhone Sales Surge, Highflying Stock Dip

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Apple reported record revenue of $109.4 billion for the fiscal third quarter ended in June, marking a 16% increase. Earnings per share reached $2.02, which included a 11 cents tariff refund. Despite these financial gains and a surge in IPhone sales, Apple stock experienced a dip. This period represents CEO Tim Cook’s final presiding as chief executive, with his successor, John Ternus, scheduled to take the reins in September to lead the company.
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