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The Marked Chart Wire · Business
Apple
Apple stock declined 4 percent after the company beat fourth-quarter expectations, with investors concerned about rising memory costs and the company's high valuation.
Part of a series: Apple launches foldable and touch MacBooks before earnings
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HotApple
Shares fell after the company projected 7% to 10% sales expansion for the December quarter, even though fourth-quarter revenue climbed 12% to $114.5 billion. China figures also came in below estimates.
Apple
Apple's chief financial officer stated that the company anticipates continued increases in the cost of memory components.
Apple
Apple's CFO projects a gross margin of 45 to 46 percent for the first fiscal quarter, citing memory chip and AI costs. The company also expects services revenue to rise 8 to 9 percent and reported buying back $24 billion in shares last quarter.
Apple
Analysts estimate Apple's first quarter revenue will increase between 7 and 10 percent, compared to a consensus forecast of 6.1 percent growth.
HotApple
Apple reported fourth-quarter earnings of $2.10 per share, above the $1.99 estimate, helped by a $0.05 tariff refund. Revenue reached $114.48 billion, surpassing the $113.39 billion forecast, with iPhone sales at $57.58 billion.
Apple
Apple posted fourth-quarter net sales of $114.48 billion and earnings per share of $2.10, both above analyst estimates. iPhone sales reached $57.58 billion for the period.
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