Friday, 31 July, 2026
Record Q3 Can't Save Apple Stock as Supply Bottlenecks Trigger Guidance Slump
By TechShots Studio
Despite posting a record June quarter revenue of $109.4 billion—driven by a 22% surge in iPhone sales—Apple’s stock tumbled over 6%. Wall Street was spooked by weaker Q4 revenue growth projections of 9%–11%. CEO Tim Cook blamed escalating component supply constraints, advanced chip manufacturing limits, and a "100-year flood" in rising memory chip costs, overshadowing strong current underlying performance.