Apple Stock Sinks as Much as 6% in After-Hours Trading, Wipes Out $390 Billion in an Hour: Jim Cramer Say

Apple Stock Sinks as Much as 6% in After-Hours Trading, Wipes Out $390 Billion in an Hour: Jim Cramer Say

Apple beat Q3 ($109.42B revenue) but cut September guidance due to supply constraints and 2.5-point FX headwind, erasing $390B market cap. Enterprise IT procurement faces extended hardware delays through Q4; budget cycles should model longer lead times through year-end per Cook's timeline.