Apple released Q3 2021 earnings after the close on Tuesday. AAPL stock beat on top-and-bottom line numbers. The tech giant stock dropped in the aftermarket though, why?. Apple released Q3 2021 results just after the close on Tuesday, July 27. Earnings Per Share (EPS) were $1.30 versus the $1.00 Wall Street estimate. Revenue was $81.4 billion versus the $72.93 billion estimate. Apple reported Q3 iPhone revenue of $39.57 billion up from $26.42 billion a year earlier. Apple stock (AAPL) had a little pop just on the release of the numbers but this swiftly turned around and the stock fell about 1%. At the time of writing, in Wednesday's premarket, Apple stock is trading at $144.8 for a loss of 1.3%.