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Apple Stock Drops 5% as Price Hikes Hit MacBooks, iPads

9to5Mac •
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Apple implemented price increases across Macs, iPads, and other products following CEO Tim Cook's warning about rising RAM costs. The company pulled its online store temporarily, causing Apple stock to fall 5% or 15.49 points. Amazon still lists affected items like MacBook Air and MacBook Pro at original prices with discounts intact.

Cook announced the increases last week while transitioning to executive chairman in September, allowing incoming CEO John Ternus to avoid the controversy. The strategy also prepares for future products needing more memory to deliver enhanced Siri AI features. By linking price hikes to supply constraints now, Apple shields new launches from criticism about higher costs.

Despite today's decline, Apple shares remain up 37% year-over-year, reflecting broader market confidence. The timing of these increases under Cook's leadership ensures Ternus inherits a company already addressing cost pressures, while positioning Apple's roadmap for more resource-intensive AI-driven features in upcoming products.