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Why did Apple shares plunge over 6% after beating Q3 estimates?

in5points
  1. Apple shares plunged over 6% despite beating Q3 estimates.

  2. Apple posted a surge in sales and profits, exceeding Wall Street expectations.

  3. Apple's own forecast was for 14% to 17% sales growth.

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Why did Apple shares plunge over 6% after beating Q3 estimates? · in5points