Apple's shares fell 7.35% on Friday, wiping nearly $360 billion off its market value in a single day, after the company released its fiscal third-quarter 2026 results Thursday after the U.S. market close, according to Jiemian News. The earnings report showed revenue and earnings per share beat market expectations, but analysts said weaker services revenue and lower-than-expected guidance for the next quarter pressured the stock. The report said rising prices for core components such as memory forced Apple to raise prices on some flagship products, which may hurt sales growth.