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via finance.yahoo.comMarkets

Apple slides 3.66% to $325.95 as memory costs pressure holiday-quarter margins

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Apple (NASDAQ:AAPL) fell 3.66% to $325.95 at 9:30 a.m. ET on November 3 as investors focused on the holiday quarter's profit squeeze. Strong sales could only do so much against rising component bills. According to Reuters, higher memory…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishExpected margin pressure in the holiday quarter makes gross margin the key focus of the next earnings.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Apple fell 3.66% to $325.95 at 9:30 a.m. ET on November 3.
  2. 02Per Reuters, December-quarter gross margin is expected at 45% to 46%.
  3. 03September-quarter revenue was $114.5 billion, up 12%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Apple Inc.AAPLStock332.38 USD+0.30%today -1.76%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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