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Apple posts record revenue but stock downgraded to Hold amid valuation and growth concerns

Company Fundamentals
03 Nov 2026, 01:50 WIB
Seeking Alpha
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Neutral
Apple posts record revenue but stock downgraded to Hold amid valuation and growth concerns

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 margin pressures from rising costs led to a downgrade of Apple stock from Strong Buy to Hold. Services, which contribute significantly to profits, face regulatory and growth challenges that could impact Apple's premium valuation. The company’s cautious AI investments aim to protect cash flow, but evolving AI trends and ecosystem control may pose future risks to profitability.

Apple shares on Pluang are priced at USD 329.38, down 4.47% as of Nov 03, 2026 07:01 WIB, reflecting some investor caution despite the company's record quarterly revenue. The stock's market cap stands at $5.03 trillion, with a 52-week high of $348.91 and a low of $246.54. Pluang data shows a slightly higher sell order activity at 52%, indicating mixed sentiment among investors following the recent downgrade to Hold.

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