Apple's fiscal fourth-quarter results, released November 2, featured record $114.5 billion revenue and $2.10 EPS that exceeded consensus, fueled by 17% iPhone growth and an all-time high in services. The stock initially declined amid concerns over decelerating services growth to 10% and softer gross-margin guidance, then surged more than 5% to a record close of $349.51 on November 4 after Democrats' midterm victories raised expectations for favorable regulatory and tariff outcomes. Shares closed November 5 at $344.17, reflecting elevated valuation near 38 times earnings and ongoing supply constraints. Traders are monitoring the final trading sessions of the week for any follow-through from election sentiment or holiday-quarter guidance.