Apple set to lose nearly $500 billion in value after weak forecast
2 sources·Updated August 1, 2026
Covered by 2 sources
- Economic Times·4h agoApple set to lose nearly $500 billion in value after weak forecast
Apple shares dropped significantly after a weak forecast indicated component shortages. The AI boom is straining global supply chains, impacting chip availability for major tech firms. This situation threatens to shrink both the personal computer and smartphone markets this…
Read at Economic Times → - Express Tribune Biz·15h agoApple set to lose nearly $500b in value
Big Tech has been scooping up advanced chip-making capacity and memory chips to power its AI data centres
Read at Express Tribune Biz →
