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Apple posted a Q3 earnings beat (EPS $1.91 vs. $1.89 est., revenue $109.4B vs. $108.6B est.) but shares are dropping ~7% Friday because the EPS beat was largely driven by tariff refunds, not core operations. The real hit: Apple guided for just 9-11% revenue growth vs. the 12% consensus, citing severe DRAM and NAND component price inflation squeezing supply. China and Services revenue both disappointed. Not financial advice. Is this a buy-the-dip opportunity or is the component supply crunch a longer-term headwind for iPhone margins?
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