Apple Stock Suffers Worst Day In Over A Year After Price Hikes


Apple posts worst day in over a year after MacBook and iPad price hikes

•⁠ ⁠Apple on Thursday announced price hikes on MacBook and iPad.

•⁠ ⁠Last week, CEO Tim Cook said price hikes were coming due to surging memory and storage costs.

•⁠ ⁠The memory crunch is in the financials of chipmakers like Micron, which just reported that revenue in the latest quarter more than quadrupled.