Apple reported strong earnings and revenue, beating expectations in its core iPhone segment, but its gross margin forecast for the December quarter fell short of analyst estimates due to rising memory prices and costs related to Siri AI development. CEO John Ternus highlighted ongoing memory price increases driven by high demand from AI server makers, which is causing supply constraints for Apple products during the holiday season. Despite margin pressures, Apple has increased purchase commitments to secure supply and is gaining market share globally, particularly with strong Mac sales. The company faces challenges but remains positioned to leverage its scale and profitable services business to navigate the cost pressures ahead.
Apple's stock on Pluang is trading at USD 325.13 as of Nov 03, 2026 19:11 WIB, down 3.90% for the day, moving closer to its 52-week low of USD 246.54 compared to its 52-week high of USD 348.91. This decline contrasts with the company's strong revenue beats but aligns with concerns over margin pressures from rising memory costs. The market cap remains substantial at $4.94 trillion, reflecting Apple's scale despite current profit challenges.
JPMorgan lowered its Apple stock price target from $360 to $355, maintaining an Overweight rating due to strong hardware prospects, especially in Mac and iPad sales, despite moderating Services revenue growth and margin challenges. Morgan Stanley als...
Apple's stock fell 4.5% in premarket trading following its fourth-quarter earnings report, which disappointed investors due to a weak margin forecast and slow growth in its services segment. Analysts suggest the slowdown may persist until memory pric...
Apple shares fell 4.4% and Palantir shares dropped 5.9% in premarket trading following their earnings announcements. Apple reported better-than-expected overall revenue for the fourth quarter but missed estimates on iPad sales and issued a disappoint...
In the third quarter of 2026, Class A shares of the Alger Growth & Income Fund underperformed the S&P 500 Index. Key contributors to the fund's performance included Microsoft, Apple, and Meta Platforms, while KLA Corporation, Corning, and Broadcom we...
Apple forecasts slower growth in its services segment during the holiday quarter due to rising cloud-computing costs from Siri AI and memory shortages affecting Mac and iPad shipments. CEO John Ternus announced plans to introduce paid access for expa...
