Business · 1h ago
Apple Stock Rebounds After Price Hike Shock
Apple's stock dropped last week after it announced steep price increases on Macs, iPads, and other products due to rising component costs. The stock has since recovered, gaining 5% today ahead of the holiday weekend. The rebound suggests investors are betting the price hikes won't significantly dent demand.
Meridian48 take
The quick recovery may be premature if consumers push back against higher prices in the coming quarters.
Read the full reporting
Apple’s stock recovers after hit from unprecedented price hikes on products →
9to5Mac
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