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Apple Stock Price Drops 7% Amid Margin Debate

Guavy AI Editorial Team
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AAPL
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Apple's stock price plummeted by about 7% to $308.91 after its latest earnings report, despite posting record numbers for revenue and earnings per share.

The tech giant reported quarterly revenue of $109.4 billion, a 16% increase from the same period last year, and earnings per share of $2.03, up 29% from Q3 2025.

Management attributed the strong numbers to a record June quarter, with Services reaching $30.7 billion in revenue and a 12% year-over-year growth rate.

The AI and Services story is gaining momentum, with Siri and Apple Intelligence now tied to shipping OS updates and upcoming iPhone cycles.

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