Saturday, 1 August, 2026
Tech Giant’s Bruising Blow: Apple Faces $500B Market Cap Drop Over Supply Bottlenecks
By TechShots Studio
Apple shares plummeted by nearly 10% following a weaker-than-expected revenue growth forecast of 9%–11%. The slump stems from global component and processor shortages driven by the booming AI data center demand, compounded by slowing growth in Apple's Services division. The market sell-off threatens to wipe out nearly $500 billion from Apple's valuation and hand the title of world's most valuable company back to Nvidia.
Read full story at CIO ECONOMIC TIMES