Tim Cook's Last Quarter as CEO Was Apple's Best June Quarter Ever. The Stock Fell Anyway.

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Apple’s Record Quarter Masks Future Headwinds

Apple’s best June quarter ever still spooked investors as growth slows and costs rise.

Apple posted a stunning $109 billion in revenue for its June quarter, showing it can still grow the core business and maintain strong margins even after years as a global tech giant. But the market’s reaction—an 8% drop in after-hours trading—signals nerves about what's next. Services, a vital and high-margin part of Apple, grew only 12%, its slowest pace recently. On top of that, rising memory costs and potential supply constraints suggest margins could shrink soon. For South African investors, the direct link is thin, but the USD/ZAR rate often mirrors broader risk appetite tied to global tech sentiment. If the dollar strengthens against the rand due to renewed US tech caution, local markets might feel the pinch in growth stocks and tech companies with international exposure like Naspers and Prosus. Ignore the hype; Apple’s impressive quarter isn’t an invitation to buy at any price. this is just our opinion and not financial advice