Apple Loses $426 Billion as 9%-11% Outlook Trails Strong Q3 Sales
Updated
Updated · The Motley Fool · Aug 2
Apple Loses $426 Billion as 9%-11% Outlook Trails Strong Q3 Sales
3 articles · Updated · The Motley Fool · Aug 2
Summary
$426 billion in market value vanished after Apple shares fell 7.4% in two days, even though fiscal third-quarter sales rose 16.4% and iPhone revenue climbed 21.7%.
A 9%-11% sales-growth forecast for fiscal Q4 drove the selloff, with investors worried June price hikes may have pulled demand forward ahead of the September iPhone 18 Pro launch.
Memory costs are the other pressure point: Tim Cook called the surge a "100-year flood," and Apple said tighter chip supply is limiting flexibility and could squeeze margins.
That strain has already shown up in products such as the MacBook Air, where higher-RAM models face weeks-long delays despite a $200 price increase.
Apple is leaning on installment plans and its services ecosystem to cushion higher device prices, but the stock still trades at about 35.3 times earnings.