Apple stock fell 7.4% and lost $426 billion in 2 days. Here’s what Wall Street fears

Apple reported its best third quarter in five years, with strong growth across its business. Net sales increased 16.4% year over year in fiscal Q3 2026. iPhone sales were a major reason behind the growth, rising 21.7% from a year earlier. Overall product sales increased 18.1%. This was the first third quarter since fiscal 2021 when Apple’s product sales grew faster than its services business.

Apple stock still suffered a huge sell-off