Apple Shares Slump on Rising Chip Cost Headwinds
Apple stock fell sharply on June 26 as price increases on MacBooks and iPads to offset surging memory and storage chip costs weighed on investor sentiment.
AAPL
Apple entered June 26 under clear selling pressure as the market reassessed the downside risks in the AI supply chain. The stock dropped sharply after the company raised prices on select MacBooks and iPads, a move designed to offset the impact of rising memory and storage chip costs.
Investors now worry that higher hardware prices could dampen demand and pressure margins, adding to broader concerns about AI-related capex and component pricing.
Source: FXStreet Forex News