We're raising our Apple price target, seeing plenty of good despite the memory crunch knocks
- ID
- 9371
- Status
- summarized
- Published
- 31 Jul 2026, 7:52 PM
- Fetched
- 31 Jul 2026, 8:49 PM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/07/30/were-raising-our-apple-price-target-seeing-plenty-of-good-despite-memory-crunch.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 1.5
- Created
- 31 Jul 2026, 8:50 PM
- Tags
- Audience
- developersvibe_codersdatabase_learnersai_ml_learnersai_agent_userssaas_founders
What happened
Apple reported fiscal Q3 2026 revenue of $109.42B (up 16%) and EPS of $2.02 (up 29%), beating estimates, but shares fell ~6% after-hours due to memory shortage headwinds expected to worsen. Tariff refunds contributed ~11 cents to EPS; without them, the beat was only 2 cents. Outgoing CEO Tim Cook cited supply constraints and FX headwinds on the earnings call.
Why it matters
This is an investment analysis of Apple's earnings with no actionable takeaway for builders, developers, or the Malaysian tech community. The memory shortage detail is worth noting only if you source components or build hardware-dependent products, but the article provides no specifics on which memory types are affected or how long the crunch will last.
Discussion angle
Skip this segment — it's a stock price target note for investors, not builder-relevant news. The only thread worth a 2-minute mention is whether the memory shortage could affect cloud pricing or device availability for teams deploying AI workloads, but the article doesn't go deep enough to support that discussion.