Apple Services Revenue Misses Estimates, Shares Fall Over 4% After Hours

Apple reported $30.74 billion in fiscal Q3 2026 services revenue, below the $31.22 billion Wall Street expected. CFO Kevan Parekh cited FX headwinds, a tough year-ago comparison from the F1 film release, a mobile gaming slowdown, and App Store business model changes. Shares dropped over 4% after hours, compounded by a simultaneous China revenue miss.