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 squeeze margins in the holiday quarter, with gross margin guidance below analyst expectations. Apple also expects memory cost pressures to limit Mac and iPad supply despite strong demand. While revenue growth is forecasted to be strong, investors remain cautious about margin compression and supply constraints in the near term.
Apple shares fell 4.06% to USD 324.57 on Pluang as of Nov 03, 2026 21:02 WIB, reflecting investor caution despite the earnings beat. The stock's market cap stands at $4.94 trillion, showing its massive scale in the tech sector. Trading volume was active with over 64 million shares changing hands, indicating significant investor interest amid margin concerns.
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