{"id":5930,"date":"2026-07-31T15:39:53","date_gmt":"2026-07-31T15:39:53","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=5930"},"modified":"2026-07-31T15:39:53","modified_gmt":"2026-07-31T15:39:53","slug":"apple-slides-most-since-2025-after-supply-shortages-hurt-outlook","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=5930","title":{"rendered":"Apple slides most since 2025 after supply shortages hurt outlook"},"content":{"rendered":"<div>\n<div>\n<p>By Mark Gurman, Bloomberg<\/p>\n<p>Apple tumbled by the most in 16 months after component shortages weighed on the company\u2019s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=5928\">For the new director of San Jose\u2019s beloved downtown museum, art leads the way to the future<\/a><\/p>\n<p>Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings conference call Thursday. Analysts had estimated growth of more than 12% in the period, which is likely to be the debut quarter for the next iPhone models.<\/p>\n<p>Apple has been struggling to secure enough computer processors and counter fast-rising memory costs, a situation that forced the company to raise prices on Macs and iPads last month.<\/p>\n<p>The supply crunch has also led to extended wait times on key computers like the Mac mini and Mac Studio. On the call, Chief Executive Officer Tim Cook said constraints would affect more Macs, iPhones and iPads in the current quarter. Currency fluctuations are hampering growth as well.<\/p>\n<p>The disappointing forecast sent Apple shares down as much as 9.5% to $301.83 at the market open on Friday, their biggest intraday drop since April 3, 2025.<\/p>\n<p>Cook likened the memory cost issue to a \u201c100-year flood,\u201d while adding that the chip shortages were fueled by higher-than-expected demand for the iPhone and Mac. He specifically cited consumer interest in the iPhone 17 line and MacBook Neo, a new low-cost laptop.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=5926\">SpaceX rocket is on a high-speed collision course with the moon<\/a><\/p>\n<p>Apple also said services growth would decelerate in the September quarter. And it warned of an impact from regulatory changes to its App Store business model in the European Union and elsewhere. New legislation allows developers to collect subscription payments directly, bypassing Apple\u2019s fee. Gaming revenue was softer than anticipated, too.<\/p>\n<div>\n<\/div>\n<p>In addition, the tech giant\u2019s results showed weaker-than-expected revenue in China and from services during the June quarter. China sales amounted to $18.8 billion, short of the $19.6 billion estimated by some analysts.<\/p>\n<p>Revenue from services grew a disappointing 12% to $30.7 billion, compared with a $31.4 billion projection. That business includes Apple Music, the App Store, iCloud subscriptions, streaming video and other digital offerings.<\/p>\n<p>Still, total sales topped estimates, climbing 16% to $109.4 billion.<\/p>\n<p>The quarter serves as a swan song of sorts for Cook, who will hand the reins to hardware head John Ternus on Sept. 1. Cook, Apple\u2019s leader since 2011, diversified the product lineup and increased annual sales to nearly half a trillion dollars.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=5924\">My hotel reservation disappeared. Why won\u2019t Booking.com refund me?<\/a><\/p>\n<div>\n<\/div>\n<p>\u00a92026 Bloomberg L.P.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Apple tumbled by the most in 16 months after component shortages weighed on the company\u2019s sales forecast.<\/p>\n","protected":false},"author":1,"featured_media":5929,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Apple slides most since 2025 after supply shortages hurt outlook - Next City Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextcitydigest.com\/?p=5930\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple slides most since 2025 after supply shortages hurt outlook - 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