Apple shares open 8.6% lower after weaker September-quarter outlook

Apple shares opened down 8.6% on July 31, 2026, their worst opening move since August 2024, after the company guided September-quarter revenue growth of 9% to 11% against analyst expectations near 12%. Management said supply constraints would increase significantly from the June quarter, and the company also flagged a Services slowdown tied to weak mobile gaming and App Store changes. The stock had been near a record before the report.

• Stock opened down 8.6%, the worst open since August 2024
• September-quarter revenue growth guided to 9% to 11% vs about 12% expected
• Supply constraints to increase significantly, per CFO Kevan Parekh
• Services growth slowed on weak mobile gaming and App Store model changes