Apple (NASDAQ: AAPL) fell 3.66% to $325.95 at 9:30 a.m. ET on November 3 as investors focused on a profit squeeze in the holiday quarter. Reuters reported that higher memory costs will pressure profitability, with gross margin for the December quarter expected at 45% to 46%. In the September quarter, Apple reported revenue of $114.5 billion, up 12%, diluted EPS of $2.10, up 14%, and operating cash flow of $28 billion. Its 47.9% gross margin included about one percentage point from tariff refunds, which added $0.05 to EPS; excluding that, the baseline is about 46.9%, and the December guidance midpoint of 45.5% is 1.4 percentage points lower. The GuruFocus GF Score is 95 out of 100, and the stock trades at 37.37 times earnings, with strong profitability and growth but a less compelling valuation.
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AAPLprofit marginssemiconductorsearnings
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Related tickers and likely impact
AAPL
▼ Likely negativeApple 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.
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