Apple reported better-than-expected revenue and earnings for its fiscal fourth quarter, but shares dropped about 2.8% after hours, wiping out roughly $140 billion in market value. New CEO John Ternus highlighted unprecedented increases in memory chip prices, which affect all Apple devices and are pressuring gross margins. Despite raising product prices, Apple faces uncertainty about how much demand will fall due to higher costs. Investors will watch upcoming quarterly results and purchase obligation disclosures for signs of how long the memory cost pressure will last.
Apple shares fell 3.86% on Pluang as of Nov 03, 2026 20:21 WIB, slightly more than the 2.8% drop reported after hours. The stock price on Pluang is USD 325.25, down from a 52-week high of USD 348.91. Market participants on Pluang show a slight selling bias with 52% of orders to sell versus 48% to buy, reflecting cautious sentiment amid cost pressures.
Apple reported a record September quarter with earnings and revenue beating estimates, driven by strong iPhone sales and tariff refunds. However, the stock dropped 4% as management warned that rising memory chip costs, driven by AI demand, will squee...
Apple exceeded fiscal Q4 revenue expectations driven by strong iPhone sales and services, forecasting 7-10% revenue growth for the next quarter, above estimates. However, it warned of lower gross margins (45-46%) due to higher costs including memory ...
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 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. ...
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...
