---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000966046.md"
description: "$Apple(AAPL.US)Context: The market expects Apple's Q4 revenue to reach approximately $113.4 billion, up about 10.7% YoY, with earnings per share projected at $1.99, an increase of 7.6% YoY. The company has beaten market expectations for earnings per share in each of the past eight quarters. Therefore, investors are focusing not only on whether it can deliver another earnings beat, but also on whether revenue growth, product demand, and holiday shopping season guidance can support its current valuation. The iPhone remains the core business driving earnings performance. Analysts estimate iPhone revenue at around $56.6 billion, up roughly 15% year-over-year. Although growth in the global smartphone market has slowed, Apple has maintained a stable market share in the premium segment, with user upgrade demand continuing to support sales. However, the delayed launch of the base model iPhone 18 led to weaker shipment performance in September, which could limit further upside for hardware revenue beyond expectations. The Services segment is a crucial source of profit growth for Apple. The market expects quarterly revenue for this division to reach approximately $31.7 billion, with a gross margin exceeding 75%, significantly higher than that of the hardware business.My Trade: If earnings disappoint and the stock drops below $300 (although that seems unlikely), I might look to add. Takeaway: Investors will also keep a close eye on supply chain and cost pressures. Apple previously projected total fourth-quarter revenue growth of 9% to 11%, but warned that supply constraints on advanced node chips could affect shipments of the iPhone, Mac, and iPad. Rising memory chip prices present another potential risk; if DRAM and NAND costs continue to climb, the company may need to adjust its product mix or raise selling prices to maintain profit margins. @Captain's Treasure"
datetime: "2026-11-02T15:17:43.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000966046.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000966046.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000966046.md)
author: "[NewUser_oPJWOU](https://longbridge.com/en/profiles/18172005.md)"
generator: "portal-rs"
---

# $Apple(AAPL.US)Context: The market expects Apple&#…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**