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BusinessQuiet 9d · day 9

Apple shares fall 3% after earnings beat despite margin warnings

iPhone maker topped forecasts but cautioned rising memory costs would pressure profits through the holiday season.

newest coverage 8d agosummary written 8d ago2 pieces Google NewsNewswires

What to know

  • Apple beat revenue expectations ($114.5B vs. $113.4B forecast) with record iPhone sales of $57.6B for a September quarter, but stock fell 3% after-hours on margin concerns.
  • Management warned that rising memory costs would pressure profit margins through the holiday shopping season, offsetting strong iPhone and China revenue growth.
  • Services growth slowed to 9.8%, the slowest pace in years, while iPad and wearables segments declined, signaling softness beyond core iPhone business.
  • John Ternus's first earnings report as CEO showed strong top-line performance but highlighted cost headwinds that weighed on investor sentiment.

“iPhone revenue rose 17% to $57.6 billion, a record for a September quarter, helped by the iPhone 18 range and a $100 price rise on the Pro models.”

Proactive · Proactive ↗ · Nov 2

John TernusJohn Ternus Apple CEOApple Inc. Smartphone and services company

Apple shares fall 3% after earnings beat despite margin warnings
proactiveinvestors.com

How it unfolded 1 development · click the chart to see its coverage articles

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Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9yesterdaynow · 8:41 PM ET
  1. 1
    “Apple shares fell about 3% in after-hours trading after the iPhone maker beat forecasts for the September quarter but warned that rising memory costs would squeeze profit margins over Christmas.”
    — Proactive
    1. 1 outlet Apple results: a step-by-step guide to why the shares fell after a beat

      first by Proactive, 8d ago

  2. background

    Apple posts September quarter results with revenue beat — Apple reported revenue of $114.5 billion, up 12%, exceeding the $113.4 billion analyst forecast. iPhone revenue rose 17% to $57.6 billion, a record for a September quarter, driven by the iPhone 18 range and a $100 price increase on Pro models. Greater China revenue rose 21% to $17.54 billion, though below the $18.75 billion expected.

  3. background

    John Ternus becomes Apple CEO — John Ternus took over as chief executive from Tim Cook on September 1, marking a leadership transition at the iPhone maker.