$AAPL

Apple reported Q3 FY2026 revenue of $109.4B, up 16.4% YOY, beating estimates. iPhone revenue rose 21.7% YOY, while Mac revenue exceeded forecasts. Services revenue missed estimates. Gross margin was 50.1%. Despite strong earnings, shares fell 7.35% due to cautious guidance. Analysts remain mostly bullish, with an average price target of $322.63.

Apple (AAPL) shares rose 1.5% to $310.03 on Tuesday, outperforming the Nasdaq, which fell 2%. The Wall Street Journal reported that top tech companies have $3 trillion in off-balance-sheet AI commitments, excluding Apple. Apple's strategy focuses on partnerships and on-device processing, making it a counter-cyclical play in the 'Magnificent 7' group. Meta (META) fell 4%, while Nvidia (NVDA) dropped 2%.

Germany’s Federal Cartel Office said Apple’s App Tracking Transparency prompts gave Apple apps an unfair advantage versus third-party developers. Apple must revise consent wording and design within four months, with changes overseen for seven years across much of the EU.

Apple said it will revise EU app business terms after consultations with the European Commission. The Core Technology Fee changes from a per-install charge to a 5% fee on certain digital transactions, with App Store commissions varying by payment method. Updates start Oct. 1.

U.S. stocks declined across all major indexes due to semiconductor selloff. Micron dropped 7.02%, Sandisk 9.01%, and SK Hynix ADRs 9.20%. The Nasdaq fell 1.33%, and the Philadelphia Semiconductor Index tumbled 4.98%. Energy sector gained 1.79%, while tech stocks mostly weakened. Baidu fell 12.73% on weak earnings, Alibaba rose 2.76%.

Apple (AAPL) reportedly trained a large language model specifically for China, partnering with Alibaba (BABA) and potentially Baidu (BIDU). This move follows China's approval of Apple's AI service, allowing Apple Intelligence on Chinese devices. Apple's June quarter revenue hit $109.4B, with iPhone and Mac sales up 22% and 29% respectively. Analysts' average price target for AAPL is $322.63, with mixed recommendations.

Apple (AAPL) revised its EU App Store policies following antitrust probes and a €500M fine, reducing commissions and allowing alternative payment methods. The changes take effect October 1, with developers able to sign up immediately. Apple's stock gained 1.5% on the news.

Apple said it revised EU App Store terms and fees to address disputes with the European Commission. Effective Oct. 1, Apple’s native IAP commission is 26%, alternative payments 20%, link-outs 15%, and alternative stores/web 5%. Smaller developers may pay 15% or 10%, with added requirements for alternative app stores.

U.S. stocks fell for a third day, with the Nasdaq down 1.3%. Semiconductor stocks plunged, led by SK Hynix (-9.2%) and Micron (-7.02%). Rising Treasury yields and inflation concerns weighed on markets. Apple (+1.45%) and Microsoft (+0.27%) gained, while Meta (-4.45%) and Tesla (-0.72%) declined. Oil prices rose, and the VIX increased to 15.84.

Germany's Federal Cartel Office found Apple's tracking consent requests for its own apps and third-party apps to be unfair, favoring its services. Apple offered binding commitments to align consent prompts, reducing complexity for third-party providers. The case highlights concerns about Apple's dominant position in digital markets.