Apple shares slipped about 1.9% to around US$331.90, even though the company reported record September-quarter revenue of about US$114.5 billion, up roughly 12%, net income of US$30.7 billion and basic EPS of US$2.11, up about 14%. Record Services revenue of US$31.6 billion and double-digit iPhone and Mac growth stood out, while iPad and wearables softened, Services growth guidance slowed, and higher memory costs pressured margins. With a P/E of 36.6x, the article says the valuation already reflects substantial future success. Bearish analysts argue that higher component and compute costs for AI features could weigh on profitability over time.
Summary written by Upside AI from the original article. Read the source for full details.
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AAPLearningsvaluationartificial intelligence
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Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/03/2026 | 331.74 |
| Change that session | -1.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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