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Apple Stock Slumps After a Disappointing Outlook
Even with Friday’s slide, Apple shares are still up more than 10% this year.Credit: Ying Tang / NurPhoto via Getty ImagesKey TakeawaysApple shares fell 9% in early trading Friday after the company issued a weaker-than-expected revenue outlook.The company cited supply constraints in the face of soaring memory costs. Investors’ attention may turn to leadership changes and the potential launch of a foldable iPhone in September.Apple shares are stumbling after the iPhone maker gave a weaker-than-expected outlook.Apple (AAPL) shares were down 9% in recent trading, making it one of the biggest…
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