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 and Siri AI development. Salesforce announced plans to acquire voice AI firm Cresta to enhance customer service capabilities. Meanwhile, Disney is preparing for thousands of job cuts to reduce costs amid challenges like AI adoption, declining box office revenue, and streaming competition. These moves reflect ongoing shifts in tech and entertainment sectors amid economic uncertainties.
Following Apple's caution on margins despite strong revenue, its shares are down 4.02% at USD 324.73 on Pluang as of Nov 03, 2026 19:43 WIB. Salesforce shares also fell 2.50% to USD 220.52 amid acquisition news, while Disney edged down 0.46% to USD 112.59, reflecting cautious sentiment in tech and media sectors.
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...
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...
