Apple Q3 Preview: $108.96B Revenue Expected, CXMT DRAM Deal, Glasses Delayed
AAPL sits 67% above its 52-week low of $201.5.
Summary
Apple reports fiscal Q3 on Thursday with consensus at $108.96B revenue and $1.89 EPS. The company is pursuing DRAM purchases from China's CXMT after its Shanghai IPO, a move that could diversify supply but faces export control risks. Smart glasses have been delayed to next year's WWDC with a consumer launch by end of 2027, emphasizing on-device AI. Apple reclaimed the top market cap spot in late July, trading near $339.50. The stock has lagged peers in AI rollout, which some see as a tactical edge, but it may be vulnerable ahead of earnings.
At the time of this announcement, AAPL was trading at $337.31 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.9T. The 52-week trading range was $201.50 to $339.57. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.