# Apple and Alphabet Scared by Blue Wave Election

> Election outcome could gut profit streams for Apple and Alphabet.
- Title: Apple and Alphabet Scared by Blue Wave Election | Shortify
- Summary: Election outcome could gut profit streams for Apple and Alphabet. Apple and Alphabet face profit risks if Democrats gain House control, threatening their…
- Keywords: apple, alphabet, election, house control, services, cloud growth, profit streams, Scared, Blue, Wave, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/16/apple-and-alphabet-are-especially-scared-of-a-blue-wave
- Author: Alex Sirois
- Published: 2026-10-16T16:45:27+00:00
- Read time: 1 min
- Topics: apple, alphabet, election, house control, services, cloud growth, profit streams
## Record Quarters for Apple and Alphabet
Apple and Alphabet posted record summer quarters with strong growth in iPhone sales and cloud services.

> It’s a demand forecast issue, to be candid.
## Apple's iPhone 17 Cycle
Apple's Q3 revenue reached $109.42B, up 16.4%, with iPhone sales driving growth.

> It’s a demand forecast issue, to be candid.
## Alphabet's Cloud Growth
Alphabet's Q2 revenue rose 24.2% to $119.80B, with Google Cloud driving 82% growth.

> nearly 90% of the Fortune 100 use Gemini Enterprise.
## Political Risk for Apple
Apple's services gross margin is 75.6%, but EU rules and U.S. court rulings threaten app store fees.
## Alphabet's Funding Risk
Alphabet's free cash flow fell to -$5.86B, with long-term debt rising to $98.2B.
## Senate Control Impact
Democratic Senate control at 0.645 could lead to new legislation affecting Apple and Alphabet.
## Election Outcome Consequence
A Democratic House could bring app store legislation, threatening Apple's services and cloud growth.
## Key takeaway

Apple and Alphabet face profit risks if Democrats gain House control, threatening their services and cloud growth.