Apple shares fell in premarket trading after the company's revenue beat expectations but its margin outlook disappointed investors, adding pressure to an already shaky tech sector. Separately, oil prices surged overnight following reports of an attack on Iran's Qeshm Island, while Asian and European chip stocks slid as the Nasdaq-100 remained in correction territory after closing more than 10% below its October 6 peak.
cnbc.com
· 2026-11-03
Apple reported its best-ever fiscal year for revenue and earnings per share, with September-quarter iPhone revenue up 17.5% to $57.6 billion and Mac revenue up 24% to $10.8 billion, a four-year high. CFO Kevan Parekh said AI offers 'a wide range of ways' to drive revenue, including device upgrades, third-party app fees, and paid access to Apple's own AI features. Shares fell in premarket trading after Apple warned rising memory costs would squeeze holiday-quarter margins.
theverge.com
· 2026-11-03
Apple reported fiscal Q4 2026 revenue and net profit each up 12%, with record Services revenue, 17% iPhone growth and 24% Mac growth, but declines in Wearables (-8%) and iPad (-10%) revenue. Shares fell as much as 4.43% in after-hours trading before paring losses to close down 2.81%, as executives flagged rising memory costs, supply constraints and a mixed holiday-quarter outlook.
9to5mac.com
· 2026-11-03
Apple reported fiscal Q4 revenue of $114.48 billion, up 12% year over year and above the $113.39 billion analysts expected, with EPS of $2.10 versus the $1.99 forecast. Despite the beat, shares fell roughly 3% in after-hours trading after management's guidance pointed to slower services revenue growth and gross margin pressure from elevated memory costs. Apple also repurchased $24 billion of stock during the quarter, bringing buybacks to $86 billion over the past 12 months.
cnbc.com
· 2026-11-03
Jim Cramer said a sharp overnight decline in Brent crude, which fell 7.63% to $104.77 a barrel, pushed the 10-year Treasury yield to its lowest since Sept. 10 and lifted stocks across healthcare, financials, retail and travel. He cited Amazon, Waste Management, Medtronic, GE HealthCare and Intuitive Surgical as names that gained as investors revisited earnings reports previously overshadowed by higher rates.
cnbc.com
· 2026-11-02
Apple reported Q4 2026 gross margin of 47.9%, down from 50.1% last quarter, with product gross margin falling to 37.2% from 40.1%, despite record September-quarter revenue of $114.5 billion. CFO Kevan Parekh said that excluding tariff refunds, the sequential margin decline would have been about one percentage point, driven mainly by rising memory costs, and warned that pressure on margins will continue, with added costs expected from Siri AI investment in the holiday quarter.
9to5mac.com
· 2026-11-02
Apple disclosed in its Q4 2026 earnings that annual research and development spending reached $45.77 billion, a 32% jump from $34.55 billion in fiscal 2025. Quarterly R&D spend in Q4 was $11.73 billion, up from $8.87 billion a year earlier but nearly flat versus Q3, rising by just $1 million.
9to5mac.com
· 2026-11-02
In a Reuters interview following Apple's record fourth-quarter earnings, which excluded Duo sales since the foldable launched in October, COO John Ternus said the iPhone Duo remains supply-constrained and that Apple cannot predict when supply will meet demand. He also confirmed that a small percentage of units have been returned over cracked displays, with Apple replacing them.
9to5mac.com
· 2026-11-02
Palantir reported third-quarter revenue of $2.31 billion, beating estimates of $2.18 billion and nearly doubling year-over-year. Net income more than doubled to $1.13 billion, with U.S. commercial revenue climbing 148% to $984 million, edging past U.S. government revenue of $953 million for the first time.
cnbc.com
· 2026-11-02
Apple reported fiscal Q4 2026 revenue of $114.48 billion and net profit of $30.71 billion, with earnings per share of $2.10. iPhone revenue reached $57.58 billion and Services hit an all-time high of $31.57 billion, contributing to what CEO John Ternus called the company's best fiscal year ever, with full-year revenue of $479 billion.
9to5mac.com
· 2026-11-02
Apple will release its fiscal Q4 2026 results after today's market close, followed by a conference call with new CEO John Ternus and CFO Kevan Parekh. Apple had previously guided for 9-11% year-over-year revenue growth despite supply constraints on iPhone, Mac and iPad, which would put quarterly revenue between $111.69 billion and $113.74 billion. The call is scheduled for 2:00 p.m. PT and will be streamed on Apple's Investor Relations website.
9to5mac.com
· 2026-11-02
Apple's fourth-quarter earnings report shows iPhone revenue hit $57.58 billion, up 17 percent year-over-year, even though the company skipped releasing a standard iPhone in its latest lineup refresh. Overall company revenue rose 12 percent to $114.5 billion, with Mac revenue up 24 percent to $10.79 billion and services revenue reaching $31.57 billion, while iPad sales fell 10 percent to $6.23 billion.
theverge.com
· 2026-11-02
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