Apple set to lose nearly $500 billion in value after weak forecast

Image for article Apple set to lose nearly $500 billion in value after weak forecast
News Source : The Times of India

News Summary

  • 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 year.
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