Apple's Stock Drops Nearly 10%. How Will It Respond to Memory Shortage?
4 Articles
4 Articles
The company risks losing almost $500 billion of capitalization.
Apple's Stock Drops Nearly 10%. How Will It Respond to Memory Shortage?
Apple's stock "fell just shy of 10% on Friday," reports Yahoo Finance, "after CEO Tim Cook warned about the impact of the global memory shortage on the company's business." During Apple's third quarter earnings call, Cook said the company paid significantly more for memory in the quarter and expect...
The future for Apple’s iPhone continues to shine, but not with the same strength, and the division that generates the most money in the company is expected to fall by 7% in the current quarter, which coincides with the departure of the new family of iPhone 18, due to the crisis of components that the most valuable company in the world is also facing, as are the other participants in consumer technology. According to data from its quarterly repor…
Apple's shares suffered the biggest drop in 16 months after the shortage of components weighed the company's sales forecasts, indicating that supply constraints across the sector are having a greater impact than expected.As announced by the company on the post-performance call, revenues will increase by 9% to 11% in the fourth fiscal quarter, which ends in September. Analysts had estimated a growth of over 12% in that period, which will probably…
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