AAPL Grinds Against Resistance as Q4 Guidance Raises Red Flags
Apple's tokenized stock (AAPL) is trading at $321.22 on Binance, sitting above its major moving averages but struggling against Bollinger Band resistance with stalling momentum.
The company just posted its strongest June quarter on record: $109.4 billion in revenue, up 16% year-over-year, with iPhone revenue exploding 22%, Mac revenue surging 29%, and Services clocking another record at $30.7 billion.
Diluted EPS hit $2.02, up 29%, while gross margin expanded to 50.1%, a structural re-rating story hiding inside a consumer hardware company.
However, Q4 guidance is the one fly in the ointment: management flagged 9-11% revenue growth next quarter due to supply constraints and a 2.5 percentage point FX headwind.