Imran Hussain

JP Morgan has cut its Apple stock price target from $345 to $340, citing worsening supply constraints expected to pressure the iPhone, iPad, and Mac through the September quarter, even as the bank maintains confidence in Apple’s longer-term outlook

On his final earnings call as Apple CEO, Tim Cook conceded that Apple’s push to diversify memory supply is primarily about securing availability, not bringing prices down for customers

Apple reported record Q3 2026 Services revenue of $30.7 billion, but the segment posted its first sequential decline since 2022 as App Store rule changes in the U.S., EU, Japan, and Brazil begin to bite

Tim Cook marked the end of his run leading Apple’s quarterly earnings calls on July 30, 2026, confirming John Ternus will take over the role when he becomes CEO on September 1