--- title: Apple reported its fourth quarter earnings after the bell on Monday, beating expectations on the top and bottom lines on strong iPhone sales description: "Apple's iPhone sales came in at $57.58 billion versus an estimated of $56.48 billion.\n\n$AAPL stock is up 1% after-hours \n\nSource: Yahoo Finance" image: https://blog.syzgroup.com/hubfs/1793657394268.jpg --- [![Syz Private banking](https://blog.syzgroup.com/hs-fs/hubfs/Logo.png?width=140&name=Logo.png "Syz Private banking")](https://www.syzgroup.com/fr) ## **Thinking** out loud [Subscribe](https://25733253.hs-sites-eu1.com/newsletter-signup?hsLang=en) [![Contact Us](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2) - [OUR SERVICES](https://www.syzgroup.com/en/private-banking) - [ABOUT SYZ](https://www.syzgroup.com/en/about/welcome-to-syz) - [CAREERS](https://www.syzgroup.com/en/careers) - [PRESS](https://www.syzgroup.com/en/news) - [Blog Homepage](https://blog.syzgroup.com) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thoughts/tag/the-week-in-seven-charts) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Fixed Income Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Equity Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [CONTACT](https://www.syzgroup.com/en/contact-us/form) - [ENGLISH](https://www.syzgroup.com/) - [FRANÇAIS](https://www.syzgroup.com/fr) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [The week in seven charts](https://blog.syzgroup.com/slow-food-for-thoughts/tag/the-week-in-seven-charts) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Our Services](https://www.syzgroup.com/en/private-banking) - [About Syz](https://www.syzgroup.com/en/about/welcome-to-syz) - [Careers](https://www.syzgroup.com/en/careers) - [Press](https://www.syzgroup.com/en/news) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [English](https://www.syzgroup.com/) - [Français](https://www.syzgroup.com/fr) ## **Sign-up** for our newsletter This website uses cookies to enhance user navigation and to collect statistical data. 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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. 3 Nov 2026 - - - #### Apple reported its fourth quarter earnings after the bell on Monday, beating expectations on the top and bottom lines on strong iPhone sales Apple's iPhone sales came in at $57.58 billion versus an estimated of $56.48 billion. $AAPL stock is up 1% after-hours Source: Yahoo Finance [#apple|](https://blog.syzgroup.com/syz-the-moment/tag/apple) [#earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) ![Apple reported its fourth quarter earnings after the bell on Monday, beating expectations on the top and bottom lines on strong iPhone sales](https://blog.syzgroup.com/hubfs/1793657394268.jpg) ![Apple reported its fourth quarter earnings after the bell on Monday, beating expectations on the top and bottom lines on strong iPhone sales](https://blog.syzgroup.com/hubfs/1793657394268.jpg) #### Disclaimer This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. Read More ## Related Articles [earnings|](https://blog.syzgroup.com/syz-the-moment/tag/earnings) [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) #### [The MAG7 free cash flow is estimated to explode into 2030 per Bloomberg](https://blog.syzgroup.com/syz-the-moment/the-mag7-free-cash-flow-is-estimated-to-explode-into-2030-per-bloomberg?hsLang=en) Source: Investing visuals **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 02/11/2026 [earnings|](https://blog.syzgroup.com/syz-the-moment/tag/earnings) [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) #### [The market is putting a hefty discount on AI spending.](https://blog.syzgroup.com/syz-the-moment/the-market-is-putting-a-hefty-discount-on-ai-spending?hsLang=en) Hyperscalers delivering average revenue growth of 21% are trading at just 20.7x earnings. Meanwhile, Costco and Walmart command multiples around 40x earnings—with revenue growing at a fraction of that pace. The difference? Investors increasingly see AI capex as a burden, questioning whether today’s massive investments will generate tomorrow’s profits. That concern is understandable. But it also sets up a powerful opportunity. If AI spending delivers reasonable returns, today’s pessimism could look deeply misplaced. Investors may regret paying a premium for predictability while demanding a discount on some of the world’s strongest growth businesses. Source: Boring\_Business Dr. Ahmad Majid Lootah **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 02/11/2026 [apple|](https://blog.syzgroup.com/syz-the-moment/tag/apple) [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) #### [Apple up 4.4%. Nasdaq down 5%. October’s divergence is striking.](https://blog.syzgroup.com/syz-the-moment/apple-up-4.4.-nasdaq-down-5.-octobers-divergence-is-striking?hsLang=en) Apple’s correlation with the Nasdaq has reportedly turned negative—a sharp contrast with six years ago, when it was close to 100%. One of the index’s biggest names is moving in the opposite direction. With Apple’s earnings due today, that raises an interesting question: Are investors starting to see Apple as an alternative to the AI spending race? One month doesn’t establish a lasting trend. But the divergence puts Apple firmly in the spotlight. Source: Nic @puckrin on X **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 02/11/2026 ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. [Discover more](https://blog.syzgroup.com/syz-the-moment) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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