Apple set to lose nearly $500b in value
The forecast missed Wall Street estimates and Tim Cook said shortages were very significant, as investors worried about services growth and supply-chain pressure.
- Apple shares fell nearly 10% on Friday, erasing nearly $500 billion from the company's market capitalization after disappointing quarterly guidance.
- Quarterly revenue growth forecasts of 9% to 11% missed Wall Street's roughly 12% estimate, as an AI-driven data center boom strains global supply chains and limits component availability.
- Apple CEO Tim Cook called the shortages "very significant" on his final earnings call before John Ternus takes over in September, warning inventory buffers are fading.
- The decline returns the world's most valuable company crown to Nvidia, while analysts adjusted the median stock price target to $330 according to LSEG data.
- Morgan Stanley analysts questioned whether AI provides measurable tailwinds, while Ben Bajarin, CEO of Creative Strategies, warned the company's supply chain inflexibility is "really bad for everyone.
14 Articles
14 Articles
Apple shares fall over 7% on Wall Street after weak forecast | Honolulu Star-Advertiser
Apple shares fell 7.4% today after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global supply chains.
Unimpressed Goldman Sachs trims AAPL target by $10 after earnings call
Despite raising its Apple price target just days before earnings, investment bank Goldman Sachs has recalibrated its forecasts and while still mostly positive, has now pulled the target back down to $360.Analysts believe Apple will do well in the Q3 results. That possibly premature rise before the report saw Goldman Sachs take its price target from $340 to $370. So its new value of $360 is still up on what it had been since May 2026, and the com…
Just three days after breaking the $5 trillion market value barrier, Apple recorded a sharp fall in the stock market — something that happened
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