Why Apple Stock Dropped on Friday
Component constraints are slowing the tech titan's growth.
Overview
Shares of Apple (NASDAQ: AAPL) fell on Friday after the iPhone maker warned of supply shortages and soaring component costs that were delaying sales and denting its profit margins.
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Apple's revenue grew 16% year over year to a whopping $109 billion in its fiscal 2026 third quarter, which ended on June 27.
Details
Source
Originally published at www.fool.com.
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