Apple beat expectations — but its stock dipped slightly. A beat that went uncelebrated.
The facts: fiscal Q4 2026 (released the evening of Nov. 2 in the U.S.): revenue of $114.48 billion vs. expectations of $113.39 billion, EPS of $2.10 vs. $1.99 (Reuters, LSEG data). iPhone revenue was $57.58 billion vs. $56.54 billion — a September-quarter record, thanks to iPhone 18 Pro. Services brought in $31.57 billion, an all-time high. Mac revenue was $10.79 billion vs. $9.61 billion. The weak spots: iPad at $6.23 billion vs. $6.70 billion, and wearables at $8.30 billion vs. $9.06 billion. Margins were 47.9% vs. 47.5%, but about 1 percentage point came from tariff refunds. Full-year revenue: $479 billion, a record. Shares fell about 1% after hours. This was CEO John Ternus’s first report, after he replaced Tim Cook on September 1.
Context: the release came on U.S. election night and ahead of the RBA decision at around 07:30 WIB and U.S. jobs data on Friday — markets are weighing risk, not celebrating a backward-looking report.
What I’m watching: holiday-quarter guidance on the earnings call that just started this morning, and iPhone Duo supply constraints.
My take: this beat was driven by iPhone and pricing, not a broad-based recovery — and the market rewards forward expectations, not backward-looking results. For crypto, what matters is risk appetite: even a stock this large isn’t being celebrated despite the beat.
This is my analysis, not financial advice — always DYOR.
What do you think will matter more for AAPL’s future: holiday-quarter guidance or Duo supply constraints?
#Apple #Earnings #SahamUSA
The facts: fiscal Q4 2026 (released the evening of Nov. 2 in the U.S.): revenue of $114.48 billion vs. expectations of $113.39 billion, EPS of $2.10 vs. $1.99 (Reuters, LSEG data). iPhone revenue was $57.58 billion vs. $56.54 billion — a September-quarter record, thanks to iPhone 18 Pro. Services brought in $31.57 billion, an all-time high. Mac revenue was $10.79 billion vs. $9.61 billion. The weak spots: iPad at $6.23 billion vs. $6.70 billion, and wearables at $8.30 billion vs. $9.06 billion. Margins were 47.9% vs. 47.5%, but about 1 percentage point came from tariff refunds. Full-year revenue: $479 billion, a record. Shares fell about 1% after hours. This was CEO John Ternus’s first report, after he replaced Tim Cook on September 1.
Context: the release came on U.S. election night and ahead of the RBA decision at around 07:30 WIB and U.S. jobs data on Friday — markets are weighing risk, not celebrating a backward-looking report.
What I’m watching: holiday-quarter guidance on the earnings call that just started this morning, and iPhone Duo supply constraints.
My take: this beat was driven by iPhone and pricing, not a broad-based recovery — and the market rewards forward expectations, not backward-looking results. For crypto, what matters is risk appetite: even a stock this large isn’t being celebrated despite the beat.
This is my analysis, not financial advice — always DYOR.
What do you think will matter more for AAPL’s future: holiday-quarter guidance or Duo supply constraints?
#Apple #Earnings #SahamUSA