Apple NASDAQ:AAPL, a consumer-technology company producing iPhones, Mac computers and digital services, fell approximately 1.5% in Monday's regular-session trading as of 12:15 p.m. ET, extending its four-session loss beyond 10%. MarketWatch described the period as Apple's weakest four-day performance since April 2025. The decline contrasted with strong gains across Microsoft NASDAQ:MSFT, Amazon NASDAQ:AMZN, Alphabet NASDAQ:GOOG and other major technology companies.
Apple expects revenue to increase between 9% and 11% during the current quarter, below Wall Street's expectation of approximately 12%. Chief Executive Tim Cook said significant component shortages were restricting the company's ability to satisfy demand for iPhones and Mac computers. Demand from AI data centers has increased competition for advanced processors and memory products, while inventory buffers that previously protected Apple are declining. Investors also reacted to slower growth across the company's services operation.
The 10% midpoint of Apple's growth forecast is approximately two percentage points below the analyst expectation. At least four brokerages reduced their price targets following the results, while three increased their objectives and the median target remained around $330. The continued decline suggests investors are treating the shortages as a material near-term limitation rather than overlooking them because quarterly revenue and earnings exceeded expectations. Component availability, possible changes to iPhone pricing and the ability of services revenue to offset constrained hardware shipments may remain the principal issues.