The post Earnings take centre stage as Apple reaches record high appeared on BitcoinEthereumNews.com.

Apple has been the second worst performing Magnificent 7 stock so far this year, however, the successful launch of the new iPhone 17, which is outselling the iPhone 16 by more than 10%, has pushed the stock up to a record high on Monday, and the stock price is surging by 4% at the start of this week. In the last 4 weeks, Apple’s performance has flipped, and it is now at the top of the Magnificent 7. This is a big week for tech; it is the start of the sector’s Q3 earnings season. A strong performance in Q3 is seen as critical to the Magnificent 7’s outperformance this year. This week we get Tesla and Netflix as the US earnings highlights. The tech sector, as usual, is central to earnings season. Analysts expect Q3 earnings to top 12% YoY, and revenues are expected to rise by 14.6% for the Magnificent 7. This would be a small moderation compared to Q2 results when earnings growth was 26.4% and revenues expanded by more than 15.5%, however, the tech giants are still expected to do most of the heavy lifting for the US blue chip index this earnings season. Expectations are high, and analysts have been revising their earnings expectations higher in recent weeks. There is some concern that earnings growth could disappoint the high bar that has been set. Added to this, tech stocks have tended to beat expectations in recent quarters, and when they have not managed to do this, then their stock prices have been punished. We expect the same could happen this time. Earnings revisions have been a key driver of the uptrend in equities, and upside quarterly revisions have been a key driver of US stocks this year alongside momentum and a preference for growth stocks.…

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Filed under: News - @ October 20, 2025 7:29 pm