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euronews
Apple shares fall despite record revenue as outlook disappoints
Apple exceeded market expectations in its quarterly results, achieving record revenue due to robust iPhone and Mac sales. However, the company's outlook disappointed investors with projected growth lower than expectations. Factors such as rising memory costs and supply constraints, partly attributed to AI demand, have clouded future projections. Consequently, shares fell in after-hours trading, reflecting investor wariness.
MonitorConfidence: MediumShort term horizonSupply chain risk: High
Published 31 Jul 2026, 07:05 UTC2 min read
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Summary
TL;DR
- Apple's quarterly revenue reached $29.79 billion, a 27% increase year-on-year.
- Investors reacted negatively to a lower-than-expected revenue growth forecast of 9% to 11%.
- Rising memory-chip costs could pose challenges for Apple's profit margins.
- Tim Cook's final earnings report as CEO highlighted the company’s record iPhone sales.
- Apple’s share price fell by 8% in after-hours trading before some recovery.
Interesting facts
- Tim Cook will step down as CEO with John Ternus taking over on September 1.
- Apple's memory costs are expected to increase further, referred to by Cook as a '100-year flood'.