Apple reports Nov 2 after the Nasdaq's worst day since June. Will AAPL close higher Nov 3 than Nov 2?
88% of users predicted YES — the community missed this one. 8 predictions cast.
Apple shares fell 1.9%, losing $6.42 to close at $331.90 on Tuesday, Nov. 3, 2026, the trading day after the company reported fiscal fourth-quarter results -- meaning AAPL closed lower on Nov. 3 than on Nov. 2, not higher. The decline came despite Apple beating Wall Street's top- and bottom-line estimates: total revenue rose 12% year-over-year to $114.50 billion, above the $113.39 billion consensus, while iPhone revenue grew 17% to $57.58 billion, topping forecasts of $56.48 billion.
The drop was driven primarily by gross-margin guidance that came in below analyst expectations, not by the headline sales figures. Investors also weighed softer revenue in China and a projected 7%-10% growth rate for the holiday quarter. With Apple trading near 38 times earnings heading into the report, analysts said the stock had little room to absorb any disappointment, even one centered on margins rather than sales.
The result came one day after the Nasdaq had posted its worst single-day drop since June amid broader AI-spending jitters, adding to a volatile stretch for tech and other AI-exposed stocks.
The community got this one wrong: 88% of predictors had expected AAPL to close higher on Nov. 3, but the margin-guidance miss outweighed the revenue beat and sent shares down instead.