Stock Market Today, Nov. 2: Apple Stock Slides Ahead of Earnings, but Its Latest Results Tell a Different Story

Apple stock fell 1.83% on Nov. 2, 2026, amid a broader technology sell-off, but the company reported better-than-expected fiscal Q4 earnings after the closing bell. Apple posted $114.5 billion in revenue and $2.10 EPS, driven by strong iPhone 18 demand with iPhone revenue up 17% YoY to $57.6 billion. However, gross margins declined to 47.9% from 50.1% due to rising component costs, and China and iPad sales disappointed, raising concerns about profitability sustainability.