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Summary
Apple (AAPL) fell 1.90% to close at $331.90 on November 3, 2026, while the Nasdaq Composite rose 0.83%.
Financial media tied the drop to Apple's December-quarter gross margin guidance of 45% to 46%, which 24/7 Wall St. reported was below a 46.3% analyst estimate.
Apple still reported record September-quarter revenue of $114.5 billion, up 12%, while CEO John Ternus called memory pricing "unprecedented."
Gotrade News - In the latest Apple stock news, shares of Apple (AAPL) fell $6.42, or 1.90%, to close at $331.90 on Tuesday, November 3, 2026. Apple stock slid the day after the company's fiscal fourth-quarter report, as financial media tied the drop to a December-quarter gross margin outlook that came in below analyst estimates.
AAPL Trading Data
Data
Value
Closing price
$331.90
Change
-$6.42 (-1.90%)
Previous close
$338.32
Open
$325.58
Day range
$325.33 to $334.50
Volume
63.2 million shares
30-day average volume
39.7 million shares
52-week range
$243.42 to $351.73
Market cap
$4.82 trillion
Regular-session close on Tuesday, November 3, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 4, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Apple opened at $325.58, below the previous session's close, and traded between $325.33 and $334.50 before finishing $6.57 above the day's low. Trading was heavy, with 63.2 million shares changing hands, 59.10% above the stock's average volume.
The decline came against a firmer market. The Nasdaq Composite rose 0.83% to 25,372.01 and the S&P 500 gained 0.36% to 7,568.92, while the Dow Jones Industrial Average slipped 0.38% to 51,786.72. Apple trailed the Nasdaq by 2.73 percentage points as other megacaps advanced, with Microsoft (MSFT) up 2.74%, Meta Platforms (META) up 2.36% and Nvidia (NVDA) up 2.29%. The US 10-year Treasury yield rose 5.8 basis points to 4.95%.
As reported by Stocktwits, tech and chipmaker stocks recovered from an AI-driven selloff as traders awaited the outcome of the US midterm elections, while Apple's decline held back the broader market's gains. After the session, the stock stood 5.64% below its 52-week high and 36.35% above its 52-week low.
Apple released its fiscal fourth-quarter earnings report after the close on Monday, November 2, as reported by 24/7 Wall St.. According to the company's official earnings release, revenue for the quarter ended September 26 rose 12% from a year earlier to a September-quarter record of $114.5 billion, and diluted earnings per share climbed 14% to $2.10. Gross margin was 47.9%, including a favorable impact of about 1 percentage point from tariff refunds.
The outlook weighed more than the beat. Per 24/7 Wall St., Apple guided December-quarter gross margin to a range of 45% to 46%, below a 46.3% analyst estimate, while projecting total revenue growth of 7% to 10%. CEO John Ternus called memory pricing "unprecedented," and CFO Kevan Parekh attributed most of the expected margin decline to higher memory costs, along with Siri AI cloud expenses and hardware revenue deferrals.
Financial media tied the session's drop to that guidance. Barron's wrote that Apple fell after the iPhone maker's guidance failed to meet investors' high bar, while Stocktwits reported that the company's quarterly margins and sales figures failed to impress investors.
AAPL Stock Analysis: Supporting Factors and Risks
Supporting Factors
Record quarter: Apple's release reported September-quarter records for revenue, net income and earnings per share, with revenue up 12% to $114.5 billion.
iPhone strength: iPhone revenue reached $57.58 billion, ahead of a $56.48 billion estimate, according to 24/7 Wall St.
Holiday quarter growth: Apple projected December-quarter revenue growth of 7% to 10%, per the same report.
Risks
Memory costs: Ternus said Apple expects memory purchase pricing to keep rising beyond the December quarter, and management expects memory to limit Mac and iPad supply in the December quarter, according to 24/7 Wall St.
Softer spots: Greater China revenue of $17.54 billion trailed an $18.75 billion estimate, and Services growth guidance of 8% to 9% sat below a 10.7% expectation, per 24/7 Wall St.
Margin base: the 47.9% September-quarter gross margin included about 1 percentage point from tariff refunds, according to Apple's release.
Apple also declared a cash dividend of $0.27 per share, payable on November 16, 2026, to shareholders of record as of November 12, according to the company's release.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
