StocksMedium•3 November 2026•
1 min read
Apple and Oracle Shares Slump on Margin Forecasts and Services Slowdown
Key Facts
1Apple shares fell 4.5% in premarket trading following a disappointing margin forecast and services growth outlook.
2Apple projected services revenue growth between 8% and 9%, missing analyst estimates of 12%.
3Oracle shares dropped 8.8% amid broader technology sector selling pressure.
Apple shares fell 4.5% in premarket trading following a disappointing margin forecast and services growth outlook. KuCoin reported that the company projected services revenue growth between 8% and 9%, missing analyst estimates of 12%, while targeting a gross margin between 45% and 46%.
Oracle shares dropped 8.8% amid broader technology sector selling pressure. Regarding previous closing prices, Apple closed at $338.32 and Oracle closed at $119.22 on November 2, 2026. On the same date, MSFT closed at $507.12 and META closed at $606.73.