Apple stock fell 7.4% and lost $426 billion in 2 days. Here’s what Wall Street fears

Apple stock fell 7.4% and lost $426 billion in 2 days. Here’s what Wall Street fears

Apple Q3 grew 16.4% revenue with iPhone +21.7%, but stock fell 7.4% ($426B) as Q4 guidance halved to 9-11% amid rising chip costs and softening demand. The rout exposes hardware margin compression from supply tightness and spending erosion, forcing premium vendors between price hikes and cost absorption—with direct bearing on enterprise IT budgets and refresh cycles.