Apple Stock Drops Amid Component Shortage Warnings

Apple Inc.'s stock has been trading modestly lower at $305.36 after the company issued a warning about ongoing component shortages that could impact production and revenue growth in upcoming quarters.

The supply chain uncertainties have increased caution among investors, prompting them to reassess Apple's near-term earnings outlook.

Technical analysis suggests that Apple trades under short-term resistance with bearish momentum signals, and the expected price range is $283.08 to $327.64.