A withering selloff on Friday marked the conclusion of a dismal October for US tech and AI-related companies, as the sector’s month-long decline was exacerbated by Intel’s huge miss and cash burn concerns at Amazon.
The Nasdaq saw its worst day since June and the worst month for the Nasdaq 100 in over a year due to Intel’s over 30% fall. In fact, the communications sector index saw its worst monthly decline in four years, while the S&P 500 tech index recorded its worst month since early 2025.
Quick Fact
| Key Details | Information |
|---|---|
| Company | Apple Inc. |
| Reporting Period | Fiscal Fourth Quarter |
| Expected Revenue | $113 Billion |
| Revenue Growth | Nearly 11% |
| Expected Net Profit | $29 Billion |
| Profit Growth | Around 6% |
| Expected iPhone Revenue | $56.5 Billion |
| iPhone Revenue Growth | Around 15% |
| Previous iPhone Growth | Around 22% |
| Main Focus | Revenue, Profits and iPhone Sales |
Apple Earnings Boost Tech Markets
A withering selloff on Friday marked the conclusion of a dismal October for US tech and AI-related companies, as the sector’s month-long decline was exacerbated by Intel’s huge miss and cash burn concerns at Amazon.
The Nasdaq saw its worst day since June and the worst month for the Nasdaq 100 in over a year due to Intel’s over 30% fall. In fact, the communications sector index saw its worst monthly decline in four years, while the S&P 500 tech index recorded its worst month since early 2025.
The IT retreat in recent weeks was caused by a number of causes, including shifting political sands, data-center pushback, growing concerns about the cost of financing, and some stress in high-risk credit markets.
Even though Binance went back online on Sunday and claimed to have covered the majority of the $6.3 billion in stolen cash, the remarkable cryptocurrency theft that occurred late last week did not help. Despite this, customer withdrawals have increased.
Wider thought is currently dominated by the US midterms on Tuesday. The Senate contest will probably go to the very end, despite the fact that surveys and betting markets still favor a Democratic clean sweep of both houses.
Oil Prices Ease Amid Rate Hike Concerns
The potential for President Trump to start strikes on Iran once the election is over has been a significant worry in the energy markets, but oil prices fell back to about $109 early on Monday amid more attempts at mediation.
The October US employment report, which is anticipated to indicate a comeback following a surprise weak payroll number for the previous month, and a probable increase in interest rates from the Bank of England are the two major events of the week.
Apple Revenue and Profit Growth
For the company’s fiscal fourth quarter, analysts predict that Apple will post a nearly 11% increase in revenue to $113 billion and a about 6% increase in net profit to $29 billion.
After growing by almost 22% over the preceding three months, sales of iPhones are expected to increase by roughly 15% to $56.5 billion.
