GoKawiilApple shares slide despite strong iPhone Duo demand after Q3 earnings call
Apple reported 12% revenue growth for the September quarter, beating Wall Street estimates, driven largely by price increases. New CEO John Ternus, alongside CFO Kevan Parekh, warned that services growth will keep slowing and gross margins will keep shrinking due to rising memory costs, prompting shares to fall as much as 4%, per The Wall Street Journal. The $1,999 foldable iPhone Duo is selling well enough that shipments have slipped to January, even as Apple's Siri chatbot lags behind rivals like Instinct and Muse.
GoKawiil's interpretation of the reporting above, not reported fact.
The margin and services warnings suggest Apple's profitability engine may be weakening even as top-line sales rise, which could make investors reassess how long price hikes can substitute for innovation. Oppenheimer analyst Martin Yang's view that the stock is overpriced—trading at $36 for every $1 of expected earnings—implies limited confidence that Apple's AI lag and regulatory pressure on App Store fees will be offset by hardware wins like the foldable iPhone. Legal and regulatory constraints on App Store fees could further squeeze the services segment that has driven much of Apple's recent growth.
- Apple's Q3 revenue rose 12%, mainly due to price increases rather than unit growth.
- Executives flagged slowing services growth and falling margins tied to higher memory costs, sending shares down up to 4%.
- The $1,999 foldable iPhone Duo is in high demand, with shipping delays stretching into January, even as Siri trails rival AI chatbots.
Source: entrepreneur.com — Jonathan Small, 2026-11-03
Published there as: “The $1,999 Foldable iPhone Duo Is Selling Out. So Why Is Apple’s Stock Cooling Off?”
Read the original report → The summary and analysis above are GoKawiil's own, written from reporting by the source above. Facts and quotes belong to the original publisher.