Apple Stock Falls 6.6% After Price Hikes to Offset Memory Chip Cost Surge
By
Omor Ibne Ehsan
7d ago· 4 min readenNews
Summary
Apple's stock dropped 6.6% after the company raised prices across its product lineup (Macs, iPads, Vision Pro, home devices) to offset surging costs of DRAM and NAND memory chips. Tim Cook reportedly described the component cost surge as a "hundred-year flood." The one-day decline was 6.12%, with a weekly drop of 7.67%, triggered by the rising price of these small but essential memory components.
Source
bskyApple Stock Falls 6.6% After Price Hikes to Offset Memory Chip Cost Surge247wallst.comKey quotes
· 3 pulledShares fell as much as 6.6% after Apple raised prices across Macs, iPads, home devices, and the Vision Pro to offset what Tim Cook reportedly called a 'hundred-year flood' in component costs.
The one-day drop was 6.12%, and the week put 7.67% on the floor.
Apple (NASDAQ:AAPL | AAPL Price Prediction) shareholders woke up Thursday to find that the most valuable company in the world had been undone by something the size of a Tic Tac.
Apple (NASDAQ:AAPL | AAPL Price Prediction) shareholders woke up Thursday to find that the most valuable company in the world had been undone by something the size of a Tic Tac. A memory chip. Specifically, the DRAM and NAND modules tucked inside every Ma
You might also wanna read
Apple’s stock recovers after hit from unprecedented price hikes on products
9to5mac.com·2d ago
Apple to Raise Device Prices Imminently Due to Rising RAM and SSD Costs
Apple CEO Tim Cook warned in a WSJ interview that Apple will raise device prices due to rising RAM and SSD costs. Bloomberg's Mark Gurman su
daringfireball.net·11d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.