Apple's Stock Drops Nearly 10%. How Will It Respond to Memory Shortage?

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By EditorDavidAug 1, 2026, 4:15 pm182 ptsTrendingTop
Apple's stock "fell just shy of 10% on Friday," reports Yahoo Finance, "after CEO Tim Cook warned about the impact of the global memory shortage on the company's business." During Apple's third quarter earnings call, Cook said the company paid significantly more for memory in the quarter and expects that to…

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