--- title: Apple’s stock slides on supply snags despite record... description: Apple reported record iPhone revenue of $54.25bn for the June quarter, up nearly 22% year-over-year, but its stock dropped over 7% after the company issued... canonical: https://daily.dev/posts/apple-s-stock-slides-on-supply-snags-despite-record-iphone-sales-sdiygnbcq twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Apple’s stock slides on supply snags despite record iPhone sales | daily.dev og:description: Apple reported record iPhone revenue of $54.25bn for the June quarter, up nearly 22% year-over-year, but its stock dropped over 7% after the company issued... og:url: https://daily.dev/posts/apple-s-stock-slides-on-supply-snags-despite-record-iphone-sales-sdiygnbcq og:image: https://api.daily.dev/og/posts/SDIYgNBcq.png og:image:alt: Apple’s stock slides on supply snags despite record iPhone sales og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Apple’s stock slides on supply snags despite record iPhone sales **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Apple reported record iPhone revenue of $54.25bn for the June quarter, up nearly 22% year-over-year, but its stock dropped over 7% after the company issued weaker-than-expected guidance. CEO Tim Cook attributed the softer outlook to supply constraints rather than weak demand, as the global AI boom has created a shortage of advanced chips and memory that is now squeezing Apple's core hardware lines. Apple is lobbying Washington to source memory from China's CXMT as costs rise. Analysts note the company could raise iPhone prices to offset costs, but risks to margins remain. The results also coincide with Cook's planned departure in September, with hardware chief John Ternus set to take over as CEO. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Apple to raise prices as memory chip shortage bites, Tim Cook says](https://daily.dev/posts/apple-to-raise-prices-as-memory-chip-shortage-bites-tim-cook-says-w2xkg79iy) · The Next Web · 1 upvotes · 0 comments - [The iPhone just had its best quarter ever](https://daily.dev/posts/the-iphone-just-had-its-best-quarter-ever-zhtr4dwch) · TechCrunch · 1 upvotes · 0 comments - [Apple races past $4-trillion in market value](https://daily.dev/posts/apple-races-past-4-trillion-in-market-value-fxezrjbzt) · TechCentral · 0 upvotes · 0 comments - [Apple was surprised by AI-driven demand for Macs](https://daily.dev/posts/apple-was-surprised-by-ai-driven-demand-for-macs-cu6cpw9g2) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#apple](https://daily.dev/tags/apple), [#iphone](https://daily.dev/tags/iphone), [#supply-chain](https://daily.dev/tags/supply-chain), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/apple-s-stock-slides-on-supply-snags-despite-record-iphone-sales-sdiygnbcq) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Apple’s stock slides on supply snags despite record iPhone sales","url":"https://daily.dev/posts/apple-s-stock-slides-on-supply-snags-despite-record-iphone-sales-sdiygnbcq","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/apple-s-stock-slides-on-supply-snags-despite-record-iphone-sales-sdiygnbcq"},"datePublished":"2026-07-31T10:07:47.104Z","dateModified":"2026-07-31T10:08:07.737Z","description":"Apple reported record iPhone revenue of $54.25bn for the June quarter, up nearly 22% year-over-year, but its stock dropped over 7% after the company issued...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/b8778757d0bbd4decb704bce5355885e?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/b8778757d0bbd4decb704bce5355885e?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/apple-s-stock-slides-on-supply-snags-despite-record-iphone-sales-sdiygnbcq","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"apple,iphone,supply-chain,ai-infrastructure","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Apple’s stock slides on supply snags despite record iPhone sales"}]} ```