Apple’s stock slides on supply snags despite record iPhone sales

31-07-2026 11:42 via thenextweb.com

Apple’s stock slides on supply snags despite record iPhone sales

Apple delivered its best-ever June quarter for iPhone sales and watched its shares fall anyway, as a warning about supply constraints and rising costs unnerved investors. The stock dropped more than 7% before Friday’s open, wiping out something in the region of $360bn in market value, days after Tim Cook had already warned that a memory-chip […]
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