Apple reported fiscal Q4 results on Nov. 2 with revenue up 12% to $114.48 billion and EPS up 14% to $2.10, above the $1.99 analyst consensus; excluding a $0.05 tariff rebate, adjusted EPS was $2.05. iPhone sales rose 17% to $57.58 billion and Mac sales 24% to $10.79 billion, while iPad and wearables fell and services growth slowed to 10%. Gross margin was 47.9%, but memory prices pressure margins, and guidance calls for fiscal Q1 revenue growth of 7% to 10%. The author sees headwinds from memory costs, supply constraints, currency and slowing services growth, and notes a forward P/E near 35. The author says the dip is not the right time to buy and prefers to stay on the sidelines.
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Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/04/2026 | 349.62 |
| Change that session | +5.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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