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Apple's Upbeat Outlook Overshadowed by Margin Squeeze

Bloomberg Technology Tuesday 03 November 2026, 19:24 UTC 1 min read
Key Points

Nov 3rd, 2026 Apple's Upbeat Outlook Overshadowed by Margin Squeeze Apple predicted revenue growth of 7% to 10% during the holiday season, but a warning that gross margins would be smaller due to higher memory costs and expenses related to the new Siri AI digital assistant, weighed on the stock. Bloomberg's Mark Gurman discusses how demand for the company's new iPhone Duo and sales of other phones could impact Apple. He speaks with Ed Ludlow on "Bloomberg Tech."

Nov 3rd, 2026 Apple's Upbeat Outlook Overshadowed by Margin Squeeze Apple predicted revenue growth of 7% to 10% during the holiday season, but a warning that gross margins would be smaller due to higher memory costs and expenses related to the new Siri AI digital assistant, weighed on the stock. Bloomberg's Mark Gurman discusses how demand for the company's new iPhone Duo and sales of other phones could impact Apple. He speaks with Ed Ludlow on "Bloomberg Tech."
Apple (ORG) Margin Squeeze Apple (ORG) Siri AI (ORG) Bloomberg (ORG) Mark Gurman (PERSON) iPhone Duo (ORG) Ed Ludlow (PERSON) Bloomberg Tech (ORG)
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