Apple Shares Plunge After Price Hikes
Apple (AAPL) shares took a hit on Thursday, June 25, closing down 6.12% at $275.15 after reaching an intraday low of $273.75.
The tech giant's recent announcement of price hikes across multiple hardware products was the direct catalyst for the market sell-off.
Investors reassessed Apple's future demand, profit margins, and brand pricing power in response to the price increases.