Bearish
Apple's stock drops 2.3% after reports of reduced iPhone 18 Pro orders
Apple's stock declined by 2.3% following reports that the company instructed suppliers to reduce component orders for the iPhone 18 Pro and iPhone 18 Pro Max by at least 15% for October. This decision was influenced by weaker-than-expected demand for the new flagship devices and rising memory chip costs.
Key points
- Apple's stock fell 2.3% after reports of reduced iPhone 18 Pro orders.
- Weaker-than-expected demand for iPhone 18 Pro and Pro Max.
- Rising memory chip costs impact Apple's production decisions.
Sources
AI-generated from public news sources. Not financial advice.
