Global marketsUpdated November 3

Apple shares fell as investors weighed margin concerns

Apple beat analysts' average estimates for both earnings and revenue. Analysts had expected earnings of $1.99 a share and revenue of $113.4 billion. Still, the stock fell about 3% in after-hours trading Monday as investors weighed the strong results against pressure on future margins. Apple expects rising memory costs to pull its gross margin down to 45%–46% in the December quarter, below the 46.3% analysts had forecast. By Tuesday's premarket session, the shares were down 4.55%.

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Coverage started November 3