AAPL Stock Struggles at $300 Amid Weaker Guidance and iPhone Concerns

Apple's stock price is under pressure as it approaches the $300 mark after the company delivered strong fiscal Q3 2026 results but provided weaker-than-expected guidance.

The disappointing outlook, combined with soft spots in Apple's business, particularly Services and China revenue, have created a more cautious backdrop for AAPL investors.

A downgrade from Jefferies to Underperform from Hold has added another layer of pressure, citing concerns surrounding the quality of Apple's reported growth and the potential cancellation of a planned all-glass iPhone project due to low production yields.

The one-time tariff refund that boosted earnings per share is raising questions about the sustainability of Apple's reported growth, as investors increasingly focus on recurring operating growth rather than just beating estimates.