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Apple shares fall despite record quarter as analysts raise price targets amid margin concerns

Analyst Insights
03 Nov 2026, 19:03 WIB
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Neutral
Apple shares fall despite record quarter as analysts raise price targets amid margin concerns

Apple reported a record fiscal fourth quarter with strong iPhone and Mac sales, beating revenue and EPS estimates. However, shares dropped premarket after the company issued cautious guidance on December-quarter gross margins and slower Services growth, partly due to rising memory costs and AI-related expenses. Analysts from UBS, Barclays, and Citi raised price targets but maintained mixed ratings, reflecting concerns about margin pressure and service revenue risks. Long-term investors face a trade-off between strong device demand and potential earnings pressure from cost increases and slowing service growth.

Apple shares trade at USD 331.27 on Pluang as of Nov 04, 2026 00:22 WIB, down 2.08% in one day. The stock's market cap stands at $4.94 trillion with a dividend yield of 0.32%. Pluang users show a balanced order activity with 52% selling and 48% buying, reflecting mixed investor sentiment amid recent earnings news.

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