Apple tumbles as supply chain snarls mar forecast in Cook's last earnings as CEO

Apple shares tumble 9% on supply worries, on track for worst single-day fall in over 6 years

Apple shares plunged 9.44% citing AI-driven component shortages, marking the worst single-day fall in six years and wiping ~$500B in market value. Supply constraints now threaten hardware margins as data-centre AI demand diverts chip capacity—critical risk for IT spending and device refresh cycles.