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AI Financial Intelligence
Professional analysis of central bank decisions

Markets

News
Forex
Stocks
Crypto
Gold
Commodities
Indices
ETFs

Analysis

Fed
ECB
COT
Economic Calendar

Learn

Service Guide
MCP Server
Oil

Company

About
Contact
Data Methodology
AI Disclosure
Pricing
Enterprise
Terms
Privacy
Security
WhatsApp

Status data is currently unavailable

The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

BreakingStocks

Apple Loses $140B in Market Value After CEO Warns of Unprecedented Memory Costs

First Detected: Nov 3, 2026, 1:19 PM

Last Update: about 1 hour ago

1 update

Event Summary

Apple lost approximately $140 billion in market value during after-hours trading on Nov. 3, following a negative market reaction to remarks by new CEO John Ternus. Ternus described memory prices as “unprecedented” and warned they were affecting costs across every device the company sells. Apple shares fell sharply during the earnings call before he had finished speaking.

Timeline

Latest developmentabout 8 hours ago

Apple shares fall 4% as gross margin seen slipping to 45%-46% in December

The company’s revenue and earnings per share topped analyst estimates in the fourth fiscal quarter, but higher memory costs weigh on holiday-quarter margin guidance.

Read the full story

Key facts

Apple lost approximately $140 billion in market value during after-hours trading.
New CEO John Ternus described memory prices as "unprecedented" and warned of their impact on costs.
Apple lost approximately $140 billion in market value during after-hours trading following the market's negative reaction to the CEO's remarks.
New CEO John Ternus described memory prices as 'unprecedented' and warned that they are impacting costs across every device the company sells.
The company's shares fell sharply during the earnings call before Ternus had even finished speaking.

Price Impact

Since event start

AAPL-0.04%