Apple's stock slides as it blames supply chain constraints for its weak guidance - SiliconANGLE

Apple’s stock slides on supply snags despite record iPhone sales

Apple hit record iPhone sales ($54.25bn, +22%) but stock fell 7% as memory crunch from AI constrains supply and cuts guidance to 9-11%. Margin squeeze: rising chip costs from data-centre competition force Apple to choose between price hikes or accepting lower profitability.