Apple to Unveil Seven New Products Across October 13 and October 27

Apple shares fell 2% to $335 after Nikkei Asia reported a 15% cut in iPhone 18 Pro component orders due to softer demand. The price increase, attributed to higher memory chip costs, may be a factor. Apple has not commented. The cut also follows the absence of a standard iPhone 18 model this fall, which may impact demand. Micron benefits from higher memory chip prices.

Apple (AAPL) shares fell 2.3% after a report indicated the company reduced component orders for iPhone 18 Pro models by 15-20% due to cooler consumer demand. The stock later recovered slightly to $333.57, down 2.1%. Apple did not comment on the report. The company's shares are up 23.1% year-to-date, near their 52-week high.

U.S. consumer prices for September are expected to rise 0.6%, driven by a 10% jump in gasoline prices, while core inflation is projected to increase 0.2%. Apple Inc. raised iPhone prices, potentially pushing up the CPI for education and communication goods by 1.2%. The Federal Reserve may consider this data at its October 28 meeting. Apple's stock is trading at $332.34, 15.4% above its GF Value™ of $288.10, indicating modest overvaluation.

Apple (AAPL) reportedly reduced component orders for iPhone 18 Pro models by 15% due to weaker-than-expected demand, according to Nikkei Asia. The price increase, driven by higher AI-related memory costs, may be affecting sales. Samsung (SSNLF) is impacted by both rising memory prices and higher chip costs in its smartphone business. Apple shares dropped 2.7% in premarket trading.

Apple's stock fell 3% to $331.22 after reports of reduced component orders for the iPhone 18 Pro due to weaker demand and higher costs. Skyworks Solutions dropped 2% to $78.95, while Qualcomm rose 0.4% to $176.64. The broader chip sector and tech ETFs gained, indicating the selloff is specific to Apple and its suppliers.

Apple Inc. (AAPL) shares fell 2.56% due to concerns over weaker iPhone demand, especially in China, and regulatory risks. The company reported strong quarterly earnings with $109.4B revenue and $29.8B net income, but faces a $5.7B patent verdict and potential EU taxes. AAPL trades at a high P/E ratio of 38.6, making it sensitive to negative news.