Apple’s record iPhone boom just became a Wall Street trap

Biztoc.com - 1 augustus 2026

Apple’s record iPhone boom just became a Wall Street trap

reported the type of quarter that should have sent its stock price skyrocketing. Revenue rose 16% from a year earlier to $109 billion, while profit increased 26% to $29 billion. iPhone sales jumped 22%, Mac revenue climbed 25%, and the iPhone 17 produced the …

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Apple’s record iPhone boom just became a Wall Street trap

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