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Apple Shares Plunge as Rising Component Costs Fuel Tech Sector Sell-off

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Apple's surprise price hikes for iPads and MacBooks due to rising component costs have triggered a major stock sell-off.
  • Concerns over weakened consumer demand and potential margin compression are mounting, sparking fears of a broader tech sector pullback and uncertainty regarding the sustainability of the AI-driven chip rally.
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AAPL price history

332.27 +20.75% over the displayed period

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