Apple stock slides 10% after guidance miss
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- Apple stock slid nearly 10% following a guidance miss, leaving the $300 support level hanging by a thread
- Tim Cook signed off on his final Apple earnings call with a warning about a "100-year flood" in memory chip pricing impacting the company
Why it matters: Apple shares fell nearly 10% after the guidance miss, putting the $300 support level at risk of breaking on a technical basis. Cook's "100-year flood" characterization of memory chip pricing marks an unusually stark supply-side cost warning issued directly by the CEO himself.
