Summary
- According to media reports, Apple’s supply chain could be affected due to the AI chip crisis.
- Analysts say that slower-than-expected growth in the company’s services business along with pressure on its supply chain has further increased concerns among investors.
- According to the British news agency, Apple’s shares fell by around 10% on Friday raising concerns that the company’s market value could decline by approximately $500 billion.
The renowned and highly valued technology company Apple is facing the risk of losing its status as the world’s most valuable company.
According to media reports, Apple’s supply chain could be affected due to the AI chip crisis.
Analysts say that slower-than-expected growth in the company’s services business along with pressure on its supply chain has further increased concerns among investors.
Meanwhile, weaker financial forecasts have dealt a major blow to Apple.
According to the British news agency, Apple’s shares fell by around 10% on Friday raising concerns that the company’s market value could decline by approximately $500 billion.
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