Apple Stock Falls 6% on Price Hikes, Chip Shortage Fears
Apple shares dropped over 6% on Thursday after the company announced price increases, raising concerns about margin pressure from chip shortages and rising input costs.
AAPL
Apple (AAPL) shares tumbled more than 6% on Thursday following the company's announcement of price increases. The move sparked fears of margin pressure due to ongoing chip shortages and rising input costs.
The decline in Apple's stock was part of a broader rough session for risk assets, with mega-cap tech names under pressure. Fed rate expectations also contributed to the cautious mood.
Investors are now watching for further updates on Apple's pricing strategy and supply chain conditions.
Source: FXStreet Forex News