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Apple forecasts 9% revenue growth for September quarter, shares slide 7.8% after hours

AI Market Summary
Apple guided September-quarter revenue growth to 9%, below the 12% Street consensus, driving a 7.8% after-hours selloff. Management cited supply-chain constraints, while services revenue missed expectations despite strong iPhone and MacBook performance and better-than-expected gross margins. The weaker outlook, alongside broader electronics price pressure and industry chip shortages, raises near-term uncertainty for large-cap tech earnings momentum.
Impact level
● High
Affected assets
NCSKAAPL2USD/USDT-7.79%
AI Insight · NCSKAAPL2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Apple projected slower sales growth for the quarter ending in September, guiding for 9% revenue growth versus Wall Street’s 12% expectation, sending the stock down 7.8% in after-hours trading. Chief Financial Officer Kevan Parekh confirmed the outlook. Chief Executive Tim Cook said supply constraints across the company’s supply chain contributed to the shortfall. Third-quarter sales and profit topped forecasts on strong iPhone and MacBook demand, but services revenue missed targets.
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