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August 1, 2026
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Tag Apple Stock Drops Nearly 10% as Tim Cook Warns of Global Memory Shortage Impact

An Apple logo mounted on a glass storefront representing Apple Inc. financial and stock market news.
Categories: Finance

Apple Stock Drops Nearly 10% as Tim Cook Warns of Global Memory Shortage Impact

  • By Contributor
  • August 1, 2026

Q3 2026 Financial Results: Revenue Beat Overshadowed by Supply Crunch Apple delivered strong top-line and bottom-line growth for its fiscal third quarter, outpacing overall Wall Street forecasts: Despite these record metrics, performance in secondary business units fell slightly short of targets: Financial Breakdown: Q3 2026 Actuals vs. Estimates…

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