Zacks Investment Research
31 Jul 2026, 13:01 UTC · 11w ago
Apple Falls Post Q3 on Supply Chain Woes: Buy the Dip in ETFs?
Impact · against what's priced in
Apple's stock is facing a catalyst for a downward adjustment as supply chain constraints and a Services miss undermine the growth trajectory and margin stability the current premium multiple assumes. While the AI-driven Siri redesign is a strategic positive, it does not offset the immediate revenue guidance miss and operational bottlenecks.
- AAPL−0.40
Challenges what's priced in
- The price assumes
Services compounding ~13% at ~75% gross margin
The price relies on a compounding Services annuity, but Q3 revenue of $30.74 billion missed estimates of $31.22 billion, suggesting a slowdown in this high-margin engine.
What AAPL's price assumes · Feb 24
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