Apple reported its results for the third quarter of fiscal year 2026, with total revenue and iPhone revenue slightly exceeding expectations, but its services business and performance in the Chinese market falling short of expectations. The company expects revenue for the fourth fiscal quarter to grow by 9% to 11%, below analysts’ expectations of 12.1%, primarily due to foreign exchange and supply constraints. CEO Tim Cook stated that exponential increases in memory prices have led to product price hikes, adding that the company is evaluating all supply source options to address the crisis. Cook also announced that this would be his final earnings call as CEO.