Apple (AAPL) shares fell 1.15% to $340.68 at 9:40 a.m. ET on November 2, ahead of results due tonight. Apple's prior-quarter gross margin was 50.1%, but excluding a disclosed tariff-refund benefit of about two percentage points brings the comparison to roughly 48.1%, which may give a clearer view of underlying profitability. Apple reported $109.4 billion in revenue in its July 30 release, and Reuters' November 2 preview cites LSEG estimates of $113.39 billion for fiscal fourth-quarter revenue, including $31.56 billion from Services. With rising memory costs in focus, Services would account for roughly 27.8% of revenue under those estimates, making it a key test of Apple's ability to defend profitability. GuruFocus shows a GF Score of 95/100 and a P/E of 39.06, and the article says the report needs to show how underlying margins and the holiday-quarter outlook compare with expectations.
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AAPL
▼ Likely negativeApple Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/30/2026 | 344.79 |
| Change that session | -1.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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