Higher memory prices take a bite out of Apple's margins, stock falls over 2%
FROM THE WIRE · FINANCE.YAHOO.COM
Apple (AAPL) reported better-than-anticipated Q4 results after the bell on Friday, with iPhone and Services revenue topping Wall Street estimates. But the company's stock fell after it told analysts on its earnings call that rising memory prices driven by the AI buildout will…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishLower margin guidance from a mega-cap like Apple can weigh on indices and the tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Apple reported better-than-expected Q4 results, with iPhone and Services revenue above estimates.
- 02The CFO expects gross margins between 45% and 46%, down from 47.89% in Q4.
- 03The stock fell as higher memory costs tied to the AI buildout weigh on margins.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets