Apple (AAPL) recently posted its Fiscal Q3 earnings, revealing a series of bullish indicators alongside a notable concern. In this article, we will explore five key bullish signs emerging from Apple’s latest results that highlight its growth potential and overall financial strength. At the same time, I will address one red flag that could negatively influence the stock’s investment case. For this particular reason, I remain neutral on AAPL stock despite its otherwise attractive characteristics.
Highlight #1: Revenues Keep Reaching New Records
The first and most apparent highlight from Apple’s Fiscal Q3 report was that the company’s revenues hit a record $85.8 billion, marking a 5% increase compared to last year. Notably, this figure beat Wall Street’s expectations by a significant $1.85 billion, despite the company facing a 230 basis point headwind from foreign exchange fluctuations.
CEO Tim Cook highlighted that Apple…
