Apple Stock Sinks 10% on Memory Price Warning
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- Apple shares fell despite the company posting record revenue, as the forward outlook disappointed investors.
- Tim Cook, on what Yahoo Finance frames as his final earnings call as Apple CEO, warned of a 'hundred year flood' in memory chip pricing, with the New York Post reporting Apple stock sank roughly 10%.
Why it matters: Apple posted record revenue yet its stock dropped 10%, exposing memory chip costs — not demand — as the binding constraint. The single-session decline signals that even strong top-line growth cannot offset a supply-side cost shock Cook characterized as generational, and the framing of this as his final call adds a CEO-transition overhang on top of the margin pressure.
