In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook speaks with media members at a viewing area for new products during Apple’s Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Josh Edelson | AFP | Getty Images Shares of Apple were down 3% Friday morning after the company reported lower year-over-year revenue for its flagship products in its third quarter earnings report. Apple said revenue for its iPhone, Mac and iPad lines was down from the year before. Overall sales fell 1% year over year, the company reported. related investing news Analysts see more gains for Apple going forward, but some warn of mounting headwinds Brian Evans 4 hours ago Qualcomm shares tumble as phone chip sales falter. Here’s what the pros are saying Joshua Natoli 17 hours ago Wall Street misses the big picture on Apple by focusing on softer iPhone sales Morgan Chittum 2 days ago Still, Apple beat estimates on earnings per share, which came in at $1.26 compared to the $1.19 analysts had expected, according to Refinitiv. Revenue was also slightly higher than estimates, at $81.8 billion compared to $81.69 billion expected. During the company’s earnings call Thursday, Apple’s stock dipped lower when CFO Luca Maestri told analysts they expected similar sales results in the following quarter. But Maestri added that he expects iPhone sales to do better than the 2% decline in the June quarter, and that Apple’s services division should see an even higher growth rate in the following quarter. —CNBC’s Kif Leswing contributed to this report. WATCH: Why Apple’s betting big on making iPhones in India This article was originally published by Cnbc.com. Read the original article here. Post navigation Google is offering an on-campus hotel ‘special’ to help lure workers back to the office Apple shares fall most since September 2022 after third-quarter earnings report