Stock Movers Apple Lower, Applied Materials Drops, Boeing Falls on Plane Delays
Oct 3, 2025
Investors are reacting to some significant corporate shifts. Apple saw stock declines after a downgrade from Jefferies despite a hint of robust iPhone demand. Meanwhile, Applied Materials is facing a $600 million revenue drop due to new US export rules affecting sales in China. Boeing is not having a good day either, as the delayed rollout of the 777X could lead to non-cash accounting charges estimated between $2.5 billion and $4 billion. It’s a rollercoaster of financial news!
AI Snips
Chapters
Transcript
Episode notes
iPhone Demand Versus Analyst Pessimism
- Jefferies downgraded Apple to underperform citing an overly bullish iPhone outlook by current valuations.
- Bloomberg Intelligence data shows longer iPhone 17 delivery times, indicating stronger demand and upside to sales forecasts.
Delivery Times Signal Stronger Sales
- Longer iPhone 17 delivery times suggest stronger consumer demand compared with last year.
- That could support an 8–9% sales gain, roughly double consensus, which helps explain share resilience.
Sanctions Hit Applied Materials' China Sales
- Applied Materials warned FY2026 net revenue will fall by $600 million due to expanded U.S. export restrictions.
- Analysts say the hit equals about 7% of China revenue and is worse than some competitors, pressuring the stock.