FinanceThe Tech Portalabout 1 hour ago
Apple Stock Falls as Ternus Guides Down Margins
2 min read
Apple shares fell nearly 4% on Tuesday after CEO John Ternus guided Q3 2026 gross margin to 45-46%, down from 47.9%. CFO Kevan Parekh attributed the drop to rising memory costs and ramping Siri AI. The stock trades at 35 times expected earnings versus 18.23 for Alphabet and 23.43 for Microsoft.
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