Apple Shares Slip Despite Record September Quarter as Memory Costs Weigh
Yahoo Finance ·
Apple Inc. shares dropped 4.46 percent in premarket trading even though the tech giant posted a record September-quarter revenue of $114.5 billion, marking a 12 percent year-over-year increase that beat the consensus estimate of $113.4 billion. Diluted earnings per share climbed 14 percent to $2.10, topping expectations of $1.99. iPhone revenue rose to $57.6 billion, and services achieved a record $31.6 billion. However, rising memory costs overshadowed the strong top-line performance. CEO John Ternus noted to CNBC that elevated memory expenses created pressure, although buffered by inventory and cheaper components. Consequently, Apple projected December-quarter gross margin between 45 percent and 46 percent, falling short of the 46.3 percent analyst estimate, while forecasting revenue growth of 7 percent to 10 percent and services growth slowing to 8 percent to 10 percent.
AI 시장 분석
Apple reported September quarter revenue of $114.5 billion and earnings per share of $2.10, beating expectations, but fell 4.46% in pre-market trading due to rising memory cost pressures. In particular, the December quarter gross margin guidance of 45% to 46% fell short of the market expectation of 46.3%, raising profitability concerns. Investors should closely monitor whether rising memory prices will continue to weigh on future margins.
상승 영향
- Services — Services revenue reached an all-time high of $3.16 billion, proving Apple's stable high-margin structure.
하락 영향
- Semiconductors — Rising memory costs and component price pressures dragged down Apple's gross margin outlook, amplifying concerns over deteriorating profitability.
- Consumer Goods — Cost increases and slowed guidance following the memory shock have led to concerns over margin compression across the industry.
DYAX 전담 분석
Despite recording record-high revenue for the September quarter, Apple's stock declined as concerns over slowing profit margins emerged due to the steep rise in memory component costs. The memory cost pressure mentioned by CEO John Ternus directly translates to a higher cost of goods sold, putting the brakes on future earnings growth.
The bullish scenario is that high growth in the services sector and strong iPhone sales offset cost pressures, while the bearish scenario is that a memory shock continuously erodes margins. Attention should be paid to quarterly gross margin trends and component price fluctuation indicators.
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