Business · Markets · 3 hrs ago
Apple shares fall after hours despite quarterly revenue and profit growth
Apple reported 12% growth in revenue and net profit for its fiscal fourth quarter.
The results include record revenue from Services, higher iPhone and Mac sales, and declines in iPad and Wearables, Home and Accessories revenue.
Apple shares fell 2.81% after hours after initially rising following the results.
Executives discussed higher memory costs, recent hardware price increases and supply constraints, including shortages affecting some devices.
Apple expects its highest quarterly revenue ever in the holiday quarter, but forecasts slower year-over-year growth and lower profit margins.
Mac and iPad shortages are expected to continue, and investors will reassess the results when regular trading resumes.
Apple shares fell 2.81% in after-hours trading after reversing an initial gain following its fiscal fourth-quarter 2026 results and earnings call.
The company reported revenue growth of 12%, net profit growth of 12% and record Services revenue.
iPhone revenue rose 17% and Mac revenue rose 24%, while Wearables, Home and Accessories revenue fell 8% and iPad revenue fell 10%.
Apple forecast its highest-ever quarterly revenue for the holiday quarter, but also slower year-over-year growth, lower profit margins and continued Mac and iPad shortages.
Executives answered analysts’ questions about memory costs, hardware prices and supply constraints, including those affecting the iPhone Duo.
- Who
- Apple and its investors.
- What
- Apple shares fell after the company reported fiscal Q4 2026 results and held an earnings call.
- When
- Monday, November 2, 2026, during after-hours trading.
- Where
- In after-hours stock trading; the sources do not specify an exchange.
- Why
- The sources do not state a specific reason for the share decline.
This story does not have two clearly opposing sides.
Apple reported fiscal Q4 2026 results.
Shares initially rose 0.5% to $340.00.
Shares fell as low as $323.33, down 4.43% from Monday’s close.
Shares recovered some losses and ended after-hours trading at $328.81, down 2.81%.
- Fiscal Q4 2026 revenue
- Up 12%
- Fiscal Q4 2026 net profit
- Up 12%
- iPhone revenue
- Up 17%
- Mac revenue
- Up 24%
- Wearables, Home and Accessories revenue
- Down 8%
- iPad revenue
- Down 10%
2 sources
What people are saying
a difficult compare against the launch of the Watch SE 3 and the AirPods Pro 3 in the prior year