Apple Q3 Revenue Hits $109.42B, EPS $2.02; New CEO Ternus Gets $58M Pay Package
AAPL sits 44% above its 52-week low of $225.95.
Summary
Apple reported Q3 revenue of $109.42B, up 16% year-over-year, with EPS of $2.02. iPhone revenue came in at $54.25B, roughly half of total sales. The company also disclosed incoming CEO John Ternus's target compensation of $58M for FY2027, with 75% performance-based equity, while Tim Cook moves to executive chairman with a $47M package. Ahead of the September 9 event, JPMorgan expects a $100 price increase on iPhone Pro models. Separately, Apple alleges a former OpenAI employee downloaded a confidential MacBook circuit schematic. This follows a series of high-impact news items including AI announcements, China shipment declines, and a $30B Broadcom partnership.
At the time of this announcement, AAPL was trading at $324.74 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.7T. The 52-week trading range was $225.95 to $344.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.