Apple's recent quarterly earnings report reveals a lower-than-expected sales forecast, influenced by component shortages that are affecting sales growth more than anticipated. The company projects a revenue increase of 9% to 11% for the upcoming fiscal quarter, which is below analysts' expectations of over 12%. This period will also coincide with the release of new iPhone models.

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Breaking Down Apple's 3Q Results and Outlook

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Breaking Down Apple's 3Q Results and Outlook

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By Mark Gurman

July 30, 2026 at 4:40 PM EDT

Updated on July 30, 2026 at 7:01 PM EDT

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Apple Inc. tumbled in late trading after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.

Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings conference call Thursday. Analysts had estimated growth of more than 12% in the period, which is likely to be the debut quarter for the next iPhone models.

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Apple Slides After Supply Shortages Hurt Sales Forecast

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