Luke Kawa of Sherwood News and the show's hosts discuss Apple's latest quarterly earnings. He argues Apple has largely sat out the AI boom, and that slowing Google search trends are now showing up in Apple's results and weighing on its services business. China revenue missed expectations by about $1 billion, and the guidance was seen as the key takeaway, since the weaker news came on the call rather than in the press release. Turnus, leading his first earnings call, said memory prices are unprecedented and expected to rise further in the December quarter, and that Apple's memory purchasing obligations increased by 33 billion between the June and September quarters. After hours, Apple shares fell while semiconductor stocks rose.
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AAPLartificial intelligenceearningssemiconductors
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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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