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Apple (AAPL) Rebounds with Strong Earnings Despite AI-Driven Memory Chip Crunch

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The Story

News Summary

  • Apple beat earnings estimates and projects up to 16% growth, but faces margin pressure from a global memory chip shortage driven by AI demand.
  • The company plans to focus on premium iPhone models and delays standard model launches to manage costs and supply constraints.
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AAPL price history

332.27 +20.75% over the displayed period

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