$AAPL Revenue +16.4% YoY, growth accelerating to ~10% over the last 2 years vs. a 6.1% five-year annualized rate Services underperformed, contributing to a 4.1% post-earnings stock drop Margins expanded meaningfully across the board Market cap: $4.97T; growth has lagged Amazon, Alphabet, and Microsoft over 5 years Investors watching "Apple Intelligence" and iOS 18 for upgrade cycle acceleration
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