Apple reported Q2 revenue of $111.2 billion, up 17% and beating analyst estimates of $109.7 billion, driven by iPhone and Mac demand. The quarter fell short of blowout expectations despite topping Apple's own guidance of 13-16% growth.
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Apple shares slid about 2% after the company forecast a gross margin of 45% to 46% for the December quarter, below analyst estimates, citing higher memory costs and Siri AI expenses. A decline would be the third straight quarter of lower margins, despite stronger-than-expected revenue and iPhone results.
Apple has put Apple HomeView and the new Apple TV 4K on sale, both available starting November 13. Siri AI on both is in English to start, and usage limits may apply.
Apple released HomeView Software 27.2 on November 12 with fixes for nine security issues. One could let a remote attacker join an iMessage group and receive its messages. Another could let a Bluetooth device pair without a person's approval.
Apple TV has set a January 27, 2027 premiere for She's Fine, a 10-episode comedy starring Elizabeth Banks. The first two episodes arrive that day, with a new episode each Wednesday through March 24.
Rivian’s R2 was the company’s best-selling vehicle by volume in the third quarter, though Rivian did not disclose R2 unit counts. Revenue rose 38% to $2.155 billion, software and services revenue rose 45% to $605 million, and the automotive gross loss narrowed year over year.
