Apple reported fiscal fourth-quarter revenue of $114.48 billion, above the $113.39 billion analysts expected, helped by iPhone 18 Pro demand and higher prices. However, it forecast a December-quarter gross margin of 45% to 46%, down from 47.9%, as memory-chip costs rise, and projected services growth of 8% to 9%, below the 10.7% expected. Demand for the foldable iPhone Duo exceeds supply and some units have cracked screens, while CEO John Ternus said it is not yet possible to predict when supply and demand will balance. Analysts said Apple's ability to manage component cost increases will be key to its future performance.
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Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: high
| 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.
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