AAPL Stock Holds $338 Before Critical Apple Earnings Test
TLDR
- AAPL stock held near $338 before Apple’s fiscal third-quarter earnings report.
- Analysts expect revenue of about $108.9 billion and earnings of $1.89 per share.
- Apple’s $5 trillion valuation raises the pressure for stronger-than-expected results.
- Services growth, China demand and gross margin guidance remain key areas to watch.
- Rising memory costs could pressure margins and lead to higher device prices.
Apple shares (AAPL) traded near $338 before the company’s fiscal third-quarter earnings report. Investors will review iPhone demand, Services growth, memory costs, and the leadership change.
The stock fell 0.56% to $338.19 before recovering to $338.61. Apple touched a $5 trillion market value, while AAPL stock has gained 25% in 2026.
Revenue Growth Faces a High Bar
Wall Street expects Apple to report revenue of $108.9 billion. That would rise from roughly $94 billion a year earlier. Analysts expect diluted earnings of about $1.89 per share. Apple reported $1.57 a year earlier. Management projected revenue growth between 14% and 17%. It also guided for a gross margin of 47.5% to 48.5%.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
