26-Jun-2026 14:05:21
Apple Plunges 6% After Sharp MacBook, iPad Price Hikes Spark Investor Concerns
Apple shares tumbled 6.1%, wiping out nearly $250 billion in market value, after the company announced steep price increases across MacBook and iPad models due to surging memory chip costs driven by AI demand. Investors fear higher prices could weaken consumer demand and pressure future sales growth. MacBook and iPad prices were raised by $100–$300 globally, while iPhone prices remained unchanged. The move triggered a broader technology selloff across Asian markets, with investors worried about rising component costs across the industry.