Apple shares fell 1.83% to $338.32 on Monday amid a broader technology sell-off. After the close, Apple reported fiscal fourth-quarter earnings that beat expectations, with revenue of $114.5 billion and earnings of $2.10 per share, supported by strong demand for the iPhone 18. iPhone revenue rose about 17% year over year to $57.6 billion. However, gross margin fell to 47.9% from 50.1% in the previous quarter, reflecting higher component costs and a smaller benefit from tariff refunds, while sales in China and the iPad business fell short of expectations. The S&P 500 fell 0.50% to 7,542 and the Nasdaq Composite lost 1.07% to 25,164.
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Related tickers and likely impact
AAPL
• NeutralApple 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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