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 expanded AI features like Siri and intelligent photo editing, though pricing and launch dates remain unconfirmed. Despite a 10% increase in services revenue to $31.6 billion, Apple expects 8-9% growth next quarter, citing pressures from licensing and foreign exchange. Hardware sales showed mixed results with iPhone and Mac revenue up, but iPad and wearables down. Apple also launched Apple Pay in India, expanding its payment services globally.
Apple's stock price is down 4.70% on Pluang as of Nov 03, 2026 09:01 WIB, reflecting cautious investor sentiment amid slower services growth forecasts. The company holds a massive market cap of $5.03 trillion, underscoring its dominant position despite recent challenges. Trading volume remains high at over 67 million shares, indicating active market participation around this news.
Apple's services business remains strong but faces challenges from regulatory pressures and a decline in mobile gaming affecting App Store revenue. CFO Kevan Parekh indicated potential growth opportunities through AI and third-party apps, though spec...
Apple's first earnings report under new CEO John Ternus showed a revenue beat at $114.48 billion, surpassing Wall Street's $113.39 billion estimate, driven by strong iPhone sales hitting $57.58 billion. However, iPad sales lagged amid global memory c...
Apple Inc. reported a record $114.5 billion in quarterly revenue, surpassing iPhone and Mac earnings expectations. Despite this strong performance, concerns over a high 35x forward price-to-earnings ratio, slowing growth in its Services segment, and ...
Apple Inc. reported record revenue and earnings per share for fiscal year 2026, driven mainly by strong sales in its iPhone and Mac divisions. Despite these strong financial results, the company's valuation has risen to 37.5 times trailing earnings, ...
Apple reported a record $114.5 billion in revenue and $2.10 earnings per share for its September quarter, beating Wall Street expectations. The strong results were driven by a 17% increase in iPhone revenue and a 24% surge in Mac sales, despite suppl...
