Apple slides on memory-price shock and cautious demand outlook
TL;DR Summary
Apple’s stock fell about 7% (intraday down as much as ~9.7%) after Tim Cook warned of a “100-year flood” in memory pricing that squeezed margins and led to softer guidance for the September quarter, even as the quarter showed solid revenue and record iPhone sales, fueling concerns that demand dynamics and supply constraints could weigh on growth.
- Apple stock sinks 7% after Tim Cook warns of ‘100-year flood’ in memory prices New York Post
- Tim Cook signed off on his final Apple earnings call with a warning about a ‘hundred year flood’ in memory chip pricing Yahoo Finance
- Supply-chain legend Tim Cook finally meets his match with Apple’s memory crunch MarketWatch
- Apple Slides After Supply Shortages Hurt Sales Forecast Bloomberg
- Tim Cook passes the baton in Apple’s Q3 2026 earnings call Ars Technica
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