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Apple tops sales and profit forecasts but flags memory costs and Siri AI pressure on margins

This story is from 2026-11-02. It is preserved in the archive; the latest stories are on the live feed.

Apple beat sales and profit expectations and reported a revenue record for the July-September quarter, driven by iPhone sales and services. On its earnings call, the company warned that rising memory costs and Siri AI spending will pressure profit margins in the holiday quarter.

Read the full story at Barron's ↗

Timeline · 3 reports

  1. 2026-11-03 02:49 · Economic Times Tech
    Apple beats sales and profit expectations but AI costs weigh on holiday sales
  2. 2026-11-02 23:34 · Barron's
    Apple Beats Sales And Profit Expectations But AI Costs Weigh On Holiday Sales
  3. 2026-11-02 23:08 · 9to5Mac
    Apple says memory costs and Siri AI will weigh on holiday quarter profit margins

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