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Apple Shares Plunge as Rising Chip Costs Trigger Price Hikes

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Apple shares slid over 6% following the announcement of price hikes for iPads and MacBooks, necessitated by surging memory and storage chip costs.
  • This move highlights potential margin pressure and negative consumer sentiment resulting from the broader AI-driven supply chain inflation.
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AAPL price history

332.41 +19.53% over the displayed period

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