Apple dropped by almost 10%, and the fourth financial season was less than expected

On 31 July, Apple (AAPL.US) fell by almost 10 per cent to the tune of $300.33, the largest decline since April 2025. On the news, Apple's third financial quarter earnings increased by about 16 to $10,942 million over the same year, slightly above the analysts' expectations. Of this amount, the product base received $78,680 million, higher than the projected $7,725 million; however, the service business base, which is an important source of valuation revaluation in recent years, received $30,744 million, lower than the projected $31,366 million. In addition, the large and medium China battalion received $18.82 billion, slowing the increase to 22 per cent over the same period, and below the $19.58 billion expected by analysts. At the performance teleconference, Apple ' s fourth financial season guidelines increased by between 9 and 11 per cent, which was less than the analyst ' s expected 12.1 per cent overall. The company CFO Parekh stated that the supply restrictions on spare parts would affect iPhone, Mac and iPad operations during the fourth financial season, and that exchange rate fluctuations were constraining growth。