Apple Services Revenue Falls Short of Estimates, Shares Drop Over 4% After Hours

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