Apple Stock Drops 10% as Cook Warns of Memory Chip Shortage
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- Apple stock slid nearly 10% after CEO Tim Cook warned that memory chip shortages would weigh on Apple's sales forecast
- Cook described memory chip pricing as a '100-year flood' on what Yahoo Finance framed as his final Apple earnings call
Why it matters: The 10% slide reflects investors reacting directly to Cook's supply warning — tying memory chip shortages to Apple's sales forecast on his final earnings call, not just to margins.
