Mark GurmanAug 1, 2026 – 2.28amApple suffered its worst stock decline in 16 months after component shortages weighed on the company’s sales forecast, signalling that industry-wide supply constraints are taking a bigger toll than anticipated.Revenue will rise 9 per cent to 11 per cent in the fiscal fourth quarter, which runs through September, the company said on a post-earnings conference call. Analysts had estimated growth of more than 12 per cent in the period, which is likely to be the debut quarter for the next iPhone models.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Apple drops the most in 16 months on disappointing outlook
The drop would mark the stock’s worst day since the pandemic-driven sell-off in March 2020, just days after it touched the $US5 trillion mark on Wall Street.
TL;DRAI
Apple's Q4 forecast: 9–11% growth vs. >12% expected, worst stock decline in 16 months as component shortages escalate. Supply constraints sharper than expected, elevating hardware sourcing and procurement risk for tech leaders planning inventory and product cycles.
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