Apple Stock Plunges 10% Amid Component Shortages

Apple stock fell by approximately 1.5% in Monday's regular-session trading as of 12:15 p.m. ET, extending its four-day loss beyond 10%. The decline marked Apple's weakest four-day performance since April 2025.

The company's revenue is expected to increase between 9% and 11% during the current quarter, below Wall Street's expectation of approximately 12%. Chief Executive Tim Cook attributed the shortfall to significant component shortages that are restricting Apple's ability to satisfy demand for iPhones and Mac computers.

Demand from AI data centers has increased competition for advanced processors and memory products, while inventory buffers that previously protected Apple are declining. As a result, investors are treating the shortages as a material near-term limitation rather than overlooking them because quarterly revenue and earnings exceeded expectations.