New York, January 5, 2026, 16:10 EST — After-hours
- Apple shares fell about 1.5% in Monday’s regular session, underperforming as investors weighed fresh supply-chain signals.
- iPhone assembler Foxconn posted record quarterly revenue on AI demand but said its smart consumer electronics segment, which includes iPhones, edged lower on unfavorable exchange rates. Reuters
- Traders are watching Friday’s U.S. jobs report and the timing of Apple’s late-January earnings update. Bureau of Labor Statistics
Apple stock fell about 1.5% on Monday, last trading around $267, as investors parsed a mixed update from top iPhone assembler Foxconn and a fresh volley in the smartphone AI race. Reuters
The move matters ahead of Apple’s results for the holiday quarter, when iPhone volumes, pricing and services growth tend to set the tone for the year. With Apple valued at roughly $3 trillion, even small shifts in demand signals can sway the stock.
Pressure is also rising around on-device AI features — tools that run on the phone rather than in the cloud — as rivals try to make them a reason to upgrade. Samsung said it plans to double the number of its mobile devices carrying “Galaxy AI” features to 800 million units in 2026, a push it cast as a way to widen its lead over Apple in those features. Reuters
Foxconn said fourth-quarter revenue rose 22.07% from a year earlier to a record T$2.6028 trillion ($82.73 billion), driven by strong demand for AI products. Its smart consumer electronics segment, which includes iPhones, posted a slight revenue decline due to unfavorable exchange rates, the company said. Reuters
Foxconn, formally Hon Hai Precision Industry, is Nvidia’s biggest server maker and Apple’s top iPhone assembler. It said information and communications technology products entered a seasonal slowdown in the first quarter, while demand for AI server rack products should keep performance toward the upper end of its past five-year range. Reuters
In U.S. markets, investors rotated into banks and energy after a U.S. military strike that captured Venezuelan President Nicolas Maduro, a backdrop that helped lift benchmarks even as some mega-cap tech names lagged. “As people look beyond tech, this is a sector many are choosing to look toward,” said Steve Sosnick, chief market analyst at Interactive Brokers. Reuters
Apple traded between $266.18 and $271.30 on Monday after opening at $270.52. Traders often refer to “support” as a level where buyers tend to step in and “resistance” as a zone where sellers tend to emerge, with the day’s low and high often becoming the first reference points.
At the latest price, Apple’s market capitalization was about $3.0 trillion and the stock traded at roughly 30 times earnings, based on market data. That valuation can amplify reactions to any hint of margin pressure from currency moves or a softer-than-expected iPhone cycle.
But Foxconn’s commentary is not a direct proxy for Apple sales: the assembler’s mix spans multiple customers and product lines, and exchange rates can distort year-on-year comparisons. A sharper consumer pullback or faster uptake of AI features by Android rivals would also test Apple’s pricing power and upgrade narrative.
Investors next look to Friday’s U.S. Employment Situation report at 8:30 a.m. ET for a rates read-through, then to Apple’s earnings update, which Nasdaq’s earnings calendar currently lists as an estimated Jan. 29 date. Bureau of Labor Statistics
