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BusinessQuiet 9d · day 9

Apple shares drop 4.5% after earnings despite analysts staying bullish

Investors sell off on weak margin guidance and slowing services growth, but most Wall Street analysts keep bullish ratings.

newest coverage 8d agosummary written 8d ago5 pieces NewswiresGoogle News

What to know

  • Apple shares fell about 4.5% in premarket trading after its fiscal fourth-quarter earnings report.
  • The decline reflects investor disappointment over the company's gross margin outlook and slowing services revenue growth, not an overall earnings miss.
  • Despite the selloff, most analysts covering the stock say they remain bullish on Apple.

Apple Company reporting earningsWall Street analysts Market commentators covering Apple stock

How it unfolded 4 developments, newest first · click a bar or a number to jump articles

Peak 1 piece in two hours at Nov 2, 4 PM; 5 pieces over 9 days (5 articles) Nov 2, 4 PM — 1 piece · 1 article — Newswires 1Nov 2, 6 PM — 1 piece · 1 article — Newswires 1Nov 2, 8 PM — quietNov 2, 10 PM — quietNov 3, 12 AM — quietNov 3, 2 AM — 1 piece · 1 article — Google News 1Nov 3, 4 AM — 1 piece · 1 article — Newswires 1Nov 3, 6 AM — 1 piece · 1 article — Newswires 1Nov 3, 8 AM — quietNov 3, 10 AM — quietNov 3, 12 PM — quietNov 3, 2 PM — quietNov 3, 4 PM — quietNov 3, 6 PM — quietNov 3, 8 PM — quietNov 3, 10 PM — quietNov 4, 12 AM — quietNov 4, 2 AM — quietNov 4, 4 AM — quietNov 4, 6 AM — quietNov 4, 8 AM — quietNov 4, 10 AM — quietNov 4, 12 PM — quietNov 4, 2 PM — quietNov 4, 4 PM — quietNov 4, 6 PM — quietNov 4, 8 PM — quietNov 4, 10 PM — quietNov 5, 12 AM — quietNov 5, 2 AM — quietNov 5, 4 AM — quietNov 5, 6 AM — quietNov 5, 8 AM — quietNov 5, 10 AM — quietNov 5, 12 PM — quietNov 5, 2 PM — quietNov 5, 4 PM — quietNov 5, 6 PM — quietNov 5, 8 PM — quietNov 5, 10 PM — quietNov 6, 12 AM — quietNov 6, 2 AM — quietNov 6, 4 AM — quietNov 6, 6 AM — quietNov 6, 8 AM — quietNov 6, 10 AM — quietNov 6, 12 PM — quietNov 6, 2 PM — quietNov 6, 4 PM — quietNov 6, 6 PM — quietNov 6, 8 PM — quietNov 6, 10 PM — quietNov 7, 12 AM — quietNov 7, 2 AM — quietNov 7, 4 AM — quietNov 7, 6 AM — quietNov 7, 8 AM — quietNov 7, 10 AM — quietNov 7, 12 PM — quietNov 7, 2 PM — quietNov 7, 4 PM — quietNov 7, 6 PM — quietNov 7, 8 PM — quietNov 7, 10 PM — quietNov 8, 12 AM — quietNov 8, 2 AM — quietNov 8, 4 AM — quietNov 8, 6 AM — quietNov 8, 8 AM — quietNov 8, 10 AM — quietNov 8, 12 PM — quietNov 8, 2 PM — quietNov 8, 4 PM — quietNov 8, 6 PM — quietNov 8, 8 PM — quietNov 8, 10 PM — quietNov 9, 12 AM — quietNov 9, 2 AM — quietNov 9, 4 AM — quietNov 9, 6 AM — quietNov 9, 8 AM — quietNov 9, 10 AM — quietNov 9, 12 PM — quietNov 9, 2 PM — quietNov 9, 4 PM — quietNov 9, 6 PM — quietNov 9, 8 PM — quietNov 9, 10 PM — quietYesterday, 12 AM — quietYesterday, 2 AM — quietYesterday, 4 AM — quietYesterday, 6 AM — quietYesterday, 8 AM — quietYesterday, 10 AM — quietYesterday, 12 PM — quietYesterday, 2 PM — quietYesterday, 4 PM — quietYesterday, 6 PM — quietYesterday, 8 PM — quietYesterday, 10 PM — quietToday, 12 AM — quietToday, 2 AM — quietToday, 4 AM — quietToday, 6 AM — quietToday, 8 AM — quietToday, 10 AM — quietToday, 12 PM — quietToday, 2 PM — quietToday, 4 PM — quietToday, 6 PM — quiet ◂ 1 earlier23–4
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  1. 4

    Most analysts stay bullish on Apple despite the selloff

    Despite the stock's decline, the majority of analysts covering Apple maintain positive views, pointing to reasons to remain confident in the stock.

    1. 1 outlet Apple is falling on its latest earnings report. Why most analysts still like the stock

      first by CNBC, 8d ago

  2. 3

    Analysts cite margin outlook and services slowdown for drop

    Coverage attributes the selloff to investor disappointment over the company's gross margin outlook and slowing services revenue growth rather than a core earnings miss.

    1. 1 outlet What analysts are saying as Apple’s stock falls after earnings report

      first by MarketWatch, 8d ago

  3. 2

    Apple shares fall in premarket trading

    Shares declined roughly 4.5% in premarket trading following the earnings release.

  4. 1

    Apple releases fiscal fourth-quarter earnings report

    Apple reported quarterly results accompanied by a gross margin outlook and services revenue growth figures that fell short of investor expectations.