Apple (AAPL) shares rose about 0.2% after hours after the company reported fourth-quarter revenue up 12% to $114.5 billion, beating average analyst forecasts of $113.5 billion. Earnings of $2.10 per share topped the expected $2, but growth slowed from the 16% rate in the previous June quarter. iPhone revenue climbed 17% to $57.6 billion and services rose 9.8% to $31.6 billion, while Greater China sales grew 21% to $17.5 billion, though that was more than $1 billion below Wall Street projections. This is the first earnings report overseen by John Ternus since he became CEO on September 1. Retail sentiment on Stocktwits was 'bearish' with high message volume, and AAPL stock has gained about 24% year to date.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Apple Sales Meet Estimates, China Is a Weak Spot
Apple's fiscal fourth-quarter revenue, which ended Sept. 26, rose 12% to $114.5 billion, narrowly beating the $113.5 billion average analyst estimate compiled by Bloomberg. Growth slowed from 16% in the June quarter, and sales in China fell short of projections, while iPad and wearables were particularly weak and iPhone remained strong. It was the first quarterly report under new CEO John Ternus.
- Apple Sales Slow Down, China Revenue Misses Estimates
Apple said sales slowed in its fiscal fourth quarter but still beat estimates, while revenue from China missed expectations. This is the first earnings report released under CEO John Ternus.
- Apple Beats Earnings in Ternus' First Quarter: Why Is the Stock Falling?
Apple's earnings beat forecasts on record iPhone sales, but sales in Greater China fell about $1 billion short of expectations.
- Apple beats fourth-quarter earnings expectations as revenue rises 12% to $114.5 billion
Apple's fourth-quarter revenue rose 12% to $114.5 billion, above the $113.39 billion expected, and EPS of $2.10 beat the $1.99 consensus, including a $0.05 per-share benefit from tariff refunds. iPhone revenue climbed 17% to $57.58 billion and Mac revenue rose 24% to $10.79 billion, while iPad fell 10% and wearables, home and accessories dropped 8% to $8.30 billion. Services grew 10% to $31.57 billion, an all-time high, while Greater China revenue rose 21% but fell short of expectations. CEO John Ternus said the company posted September-quarter records for revenue, iPhone sales and EPS, generating $28 billion in operating cash flow and returning $28 billion to shareholders.
- Alibaba Soars 6% as Apple Sets December Launch for Qwen-Powered iPhone AI in China
Alibaba (BABA) shares rose 6% after Apple (AAPL) said Apple Intelligence will launch in China in December, built on Alibaba's Qwen model, while JD.com (JD) and PDD Holdings (PDD) also gained on reports that Chinese regulators met with banks and brokerages to support the market. The deal gives Qwen access to Chinese iPhone users at very low cost, while Alibaba's AI Labs and Applications segment lost RMB 13.9 billion (adjusted EBITA) in the June quarter, partly from marketing the Qwen app. Alibaba also posted a free cash flow outflow of RMB 44.7 billion in the June quarter, and the article argues the company still needs to show its AI spending can pay off. Apple's Greater China sales rose 30% to $64.8 billion in the nine months to June 27, without Apple Intelligence. JD.com and PDD traded at 7.1x and 6.9x forward earnings, but their growth is weak: JD's revenue fell 2.9% in the June quarter, while PDD's online marketing revenue grew 3%.
- Trump Hails Apple’s “100 Million Dollars” of Pennsylvania Titanium. Apple Pledged China $275 Billion
Apple will spend up to $100 million over three years on titanium from Perryman Company in Pennsylvania, a deal President Trump praised on Truth Social. The article calls the order very small compared with Apple's capital spending of $9.5 billion to $12.7 billion a year over the last five fiscal years, and says it does not change Apple's dependence on China. Author Patrick McGee says Apple promised in 2016 to invest $275 billion in Chinese factories over five years, a figure he says has not been updated since. Gross margin rose from 41.8% in fiscal 2021 to 46.9% in fiscal 2025, and Apple trades at 38x forward earnings, its highest in five years.
Related markets
Latest news
- Amazon Prime Video beats Apple TV
What seemed like a pricey vanity project for Amazon Prime Video has become a revenue driver.
- US midterm elections reach decisive moment: What scenarios could unfold?
On November 3, about 210 million registered voters will decide all 435 House seats, 35 of 100 Senate seats and governors in 36 states, determining which party controls Congress for the next two years. Republicans currently hold majorities in both chambers; Democrats need to gain 3 House seats and 4 Senate seats to take control. Since 1946, the president's party has typically lost an average of 26.5 House seats in midterm elections, according to George Washington University professor Todd Belt. Belt estimates about 35 House races could decide the majority and believes Democrats could gain roughly 15 seats. If Democrats win either chamber, non-government spending bills could stall, he said.
- Jim Cramer says these six fashion stocks are buys beyond the AI trade
Jim Cramer highlighted six fashion and apparel stocks as alternatives to the struggling AI trade, noting consumer stocks have been resilient: XRT gained 10% this quarter while XLK fell 11%. He said falling interest rates could aid apparel companies into the holiday season. Ralph Lauren remains his favorite, and Tapestry's shares have fallen 20% since August, which he hopes its Thursday report can reverse. Levi Strauss has rebounded more than 20% from its post-earnings low, trading at roughly 14 times earnings with a 2.8% dividend yield, while Kontoor Brands plans to sell Lee for up to $1 billion. VF Corp, owner of Vans, has risen about 14% since he highlighted it, and Reformation, his more speculative pick, surged more than 31% in October.
- Anthropic Just Released Updated Numbers Ahead of Its Nov. IPO. Revenue Growth Slowed Sharply.
Anthropic, the company behind the Claude AI model, is preparing for a November IPO at a valuation of around $1.5 trillion, down from earlier talk of $2 trillion. An amended prospectus adding Q3 figures shows revenue of just under $17 billion, up 1,127% year over year and about 47% sequentially, though sequential growth slowed sharply from 144% in Q2. The company said price cuts on new models and contractual discounts reduced Q3 revenue by about $600 million; adding that back would put sequential growth at roughly 52%. The article notes that capacity constraints, summer seasonality and restrictions on customers who violated terms may explain part of the slowdown, but questions whether Anthropic's pricing power is eroding as AI moves toward becoming a commodity.
- Marvell and Lumentum shareholders unite in panning merger deal: “It's a trash offer”
Marvell agreed to buy Lumentum in an all-stock deal, and shares of both companies fell Monday. Shareholders of both companies have criticized the offer, with one describing it as “a trash offer.”
- Nvidia Reports Nov. 17. History Says What Its Stock Usually Does Next.
Nvidia will report results for its fiscal third quarter of 2027 after the close on Nov. 17, with shares near $205, about 14% below their Oct. 6 closing high of $239.24. Revenue beat the top of management's forecast range in each of the past 10 reports, yet the stock fell the next trading day after six of them, with the largest drop about 8.5% in February 2025. Most of those declines were recovered by the next report roughly three months later, though the roughly 9% gain after the August report has since faded to about 10% below its post-report close. Nvidia guides for third-quarter revenue of $108.0 billion, plus or minus 2%. The author concludes history is not a strong reason to avoid the stock before the report, leaning toward buying before Nov. 17 rather than guessing the next day's move, with shares trading at about 14 times the consensus fiscal 2028 EPS estimate of $15.80.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.