Shares of Apple (AAPL) were relatively flat after hours, up about half a percentage point, following a solid Q3 result. With artificial intelligence (Apple Intelligence) and the next iPhone 16 on seemingly every analyst’s mind, some may be overlooking other innovations (think updates on Apple Vision Pro and new spatial content coming) that may start moving the needle faster than you’d expect. Despite barely budging higher after its latest quarterly beat, I’m staying bullish.
For now, though, it’s all about Apple Intelligence as we witness the final few quarters before what could be an iPhone supercycle for the ages.
Apple Little-Changed after Stellar Third Quarter
The latest quarter didn’t really see too much in the way of surprises. The third quarter surpassed estimates, with revenue rising 5% year-over-year, while earnings per share came in at $1.40, comfortably ahead of the $1.34 expectation. Notably, iPhone…
