Why is Apple stock sliding today?

Apple (AAPL) shares fell 4.7% in pre-market trading after Q4 2026 earnings beat expectations, but guidance for lower margins and weaker China revenue disappointed investors. Gross margins are expected to narrow to 45%-46% in Q1 2027 due to rising memory-chip costs. Services revenue growth slowed to 9.8% YoY, and Greater China revenue missed estimates by over $1 billion. New CEO John Ternus addressed concerns about AI-related spending and a one-time EPS boost.

German 10-year Bund yield fell to 3.29%, its lowest since August, as tech stock declines and U.S. election caution drove investors to sovereign debt. Apple's profit margin warning contributed to the shift. U.S. tech giants like Alphabet and Oracle are issuing bonds in Europe to fund AI infrastructure, potentially increasing supply and affecting borrowing costs.

Apple (AAPL) and Palantir (PLTR) shares declined in premarket trading Tuesday after reporting earnings. Apple's revenue exceeded expectations, but iPad sales and margin forecasts missed estimates. Palantir beat estimates, with U.S. commercial revenue surpassing government revenue for the first time.

U.S. stock futures were mixed as investors assessed tech earnings and anticipated midterm elections. Apple's shares dipped after reporting Q4 EPS of $2.10 and $114.5B in sales, but missed China sales forecasts and provided lower-than-expected margin guidance. Palantir's shares fell despite strong Q3 results due to slower growth in total contract value. Oil prices rose after a reported U.S. strike on Iran's Qeshm Island.

Evercore ISI reiterated an Outperform rating and $380 price target for Apple (AAPL) after its September quarter results. Revenue was $114.5B, up 12% YoY, with iPhone and Mac sales growing 17.5% and 23.7% respectively. EPS was $2.10, beating estimates. Apple guided December quarter sales growth of 7-10% with lower-than-expected margins. Analysts have mixed reactions to Apple's outlook, with price targets ranging from $250 to $380.

UBS raised its Apple price target to $340, citing iPhone strength, though it maintained a Neutral rating. Apple's stock trades near $338.32, with UBS noting lower-than-expected gross margin guidance. Apple's Q4 revenue was $114.5B, up 12% YoY, with varied analyst reactions on price targets and ratings.