Apple stock drops 7% as chip squeeze clouds record quarter
Reported by Yahoo Finance · finance.yahoo.com · July 31, 2026
Key takeawaysApple shares closed 7. 4 per cent lower after its September-quarter revenue outlook missed Wall Street expectations.
What the tape says
What to watch: Apple Inc. (AAPL) missed estimates by roughly 7% — watch for guidance cuts, which often follow a miss this size.
Market reaction today: $AAPL +0.32%
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