Apple Shares Plummet 10% Amid Weak Guidance and Memory Shortages

Apple's (AAPL.US) recent earnings report was met with disappointment as shares plummeted nearly 10% in the worst single-day drop in over a year. The company's record quarter was overshadowed by weak revenue guidance and the impact of memory shortages, which contributed to a services miss. This led to a selloff, sending stocks down.

Despite being in its 4th straight winning month, the Dow Jones closed out its worst month since 2008. The market is divided on Apple's prospects, with near-term bearishness dominating as AI supply chain headwinds persist.