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Apple exceeded expectations in its third-quarter earnings report, announcing record revenue of $94 billion, surpassing estimates by $4.7 billion. iPhone sales also outperformed predictions at $44.58 billion. This positive news sent Apple's stock price up 2% in after-hours trading, offering a much-needed boost after a year-to-date decline of 16%. CEO Tim Cook highlighted double-digit growth across various product lines and geographic segments.

Prepared by Christopher Adams and reviewed by editorial team.