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Midterm elections threaten Apple and Alphabet's key profit streams despite record quarters.

Market News
16 Oct 2026
24/7 Wall Street
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Neutral
Midterm elections threaten Apple and Alphabet's key profit streams despite record quarters.

Apple and Alphabet posted record quarterly earnings driven by strong iPhone sales and Google Cloud growth, respectively. However, the upcoming U.S. midterm elections pose significant political risks, especially if Democrats gain control of Congress, potentially leading to stricter regulations on Apple's App Store fees and antitrust actions against Alphabet's search business. These changes could reduce the cash flow that funds their major investments in AI and cloud services. Investors should watch election outcomes closely as they will influence the companies' future profitability and regulatory environment.

Apple shares are up 0.73% at USD 344.50 while Alphabet is down 1.93% at USD 342.50 on Pluang. Apple’s market cap stands at $4.99 trillion and Alphabet’s at $4.25 trillion. These figures are current as of Oct 17, 2026 00:01 WIB.

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