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Apple’s Stock Drops Amid Supply Chain Woes | Durham News
Apple’s stock took a seven percent hit despite beating earnings, as supply chain woes—especially in memory chips—threaten growth and margins. CEO Tim Cook called the chip shortage a “hundred-year flood,” warning of slower iPhone, iPad, and Mac sales ahead. With a revamped Siri powered by Google launching alongside new iPhones in September, investors are watching closely for Apple’s AI play. Analysts are divided: some think price hikes could offset losses, while Morgan Stanley warns slowing Services growth and supply constraints could keep pressure on the stock. Still, Apple remains a top tech…
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