Apple CEO Tim Cook Talks Services, Wearables, and More

Following its fiscal third-quarter update on Tuesday afternoon, Apple (NASDAQ: AAPL) stock rose sharply on Wednesday. The gain added to the stock's sharp year-to-date gain this year. Shares are up 38% since Jan. 1.

Apple's fiscal third quarter showed how segments beyond iPhone are helping the tech giant return to top-line growth. Revenue rose 1% year over year during the period, despite a 12% decline in iPhone revenue. This performance was fueled by strong growth in services, wearables, Mac, and iPad.

To get a better look at how trends are improving for Apple, consider these three takeaways from the company's fiscal third-quarter earnings call.

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