Apple stock slides nearly 10% as Cook warns of memory shortage impact - Yahoo Finance
Apple stock dropped nearly 10% after CEO Tim Cook warned that global memory shortages and supply chain constraints are impacting production costs and profitability. Despite beating revenue expectations, the company faces ongoing challenges in meeting high demand.
Why it matters
Apple's supply chain struggles serve as a bellwether for the broader technology sector's ability to navigate global hardware shortages.
Apple stock slides nearly 10% as Cook warns of memory shortage impact Daniel Howley · Technology Editor Fri, July 31, 2026 at 2:29 PM EDT 3 min read AAPL -7.35% Trade Apple on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Apple ( AAPL ) stock fell just shy of 10% on Friday, after CEO Tim Cook warned about the impact of the global memory shortage on the company's business.
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