Apple shares tumble 7% after CEO warns of memory-chip price surge and slower growth

Apple shares tumble 7% after CEO warns of memory-chip price surge and slower growth

Apple's shares fell 7% after CEO Tim Cook warned that a sharp rise in memory-chip prices and weaker demand could pressure margins, and the company projected revenue growth below analysts' expectations for the September quarter. Cook made the comments during the fiscal third-quarter earnings call, where Apple reported record revenue of $109. 4 billion, driven by a 22% jump in iPhone sales and tariff refunds, but missed its services forecast.

He also announced that he will step down as CEO on Sept.  1, naming senior vice president John Ternus as his successor. Analysts had been watching the results for clues on the impact of the new Apple Upgrade program and the company's outlook.

Acteurs

Apple Inc. Tim Cook

Lieux

Cupertino, California, United States

Articles

31 juillet 2026
2 au total
Apple stock sinks 7% after Tim Cook warns of ‘100-year flood’ in memory prices
Apple stock sinks 7% after Tim Cook warns of ‘100-year flood’ in memory prices

New York Post • 31 juil. 18h07

Apple's stock fell 7% after Tim Cook warned that a sharp rise in memory-chip prices and weaker demand could pressure margins, while the company projected revenue growth below analysts' expectations for the September quarter.

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Tim Cook's final Apple earnings call amid ‘hundred year flood’ in memory chip pricing
Tim Cook's final Apple earnings call amid ‘hundred year flood’ in memory chip pricing

Fortune • 31 juil. 00h28

Apple forecast slower iPhone growth and lower overall revenue as a shortage of advanced processors and rising memory-chip costs tighten margins, while Cook expressed optimism about future opportunities before handing the CEO role to John Ternus.

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30 juillet 2026
4 au total
Apple reports fiscal third-quarter earnings
Apple reports fiscal third-quarter earnings

Fox Business • 30 juil. 22h16

Apple reported $109.4 billion in revenue for its fiscal third quarter, driven by higher iPhone sales and tariff refunds, and confirmed CEO Tim Cook will step down on Sept. 1 after 15 years.

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Apple Stock Falls Nearly 2% Before Earnings as Upgrade Program Launches
Apple Stock Falls Nearly 2% Before Earnings as Upgrade Program Launches

Yahoo Finance • 30 juil. 19h53

Apple's stock slipped about 2% before its quarterly earnings report, while analysts project strong revenue growth and the firm unveiled a new device-leasing service.

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Apple (AAPL) Q3 2026 earnings report: Live updates
Apple (AAPL) Q3 2026 earnings report: Live updates

cnbc.com • 30 juil. 18h47

Apple reported fiscal third-quarter revenue of $109.4 billion and earnings per share of $2.02, driven by a 22% rise in iPhone sales, while services revenue fell short of expectations.

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No surprises expected
No surprises expected

9to5Mac • 30 juil. 13h19

Apple will release its fiscal third-quarter results, with consensus forecasts showing earnings per share of $1.88 and revenue of $108.8 billion, while investors look for guidance on the new Apple Upgrade program.

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