AAPL Expands Apple Pay to Philippines Amidst Mixed Quarter Results
Apple Inc. (AAPL) has announced its expansion into the Philippines through Apple Pay, marking another milestone in the company's global payment services.
The news comes as the tech giant reported its fiscal third-quarter results for 2026, with revenue reaching $109.4 billion, a 16% increase from last year. Earnings per share rose 29% to $2.02, and gross margin expanded to 50.1%, according to Investing.com.
However, market sentiment was tempered by Apple's forward revenue guidance of 9-11% for the current quarter, which trailed consensus expectations. The company also warned of a global memory cost crunch that could pressure iPhone 18 profit margins in the coming months.
On the technical front, AAPL is trading above its MA-20 but remains under the MA-50, with mixed momentum persisting due to bearish MACD and ADX readings. The Ichimoku Kijun at $317.38 sets a clear resistance barrier for any near-term rebounds.