{"slug": "why-apple-shares-have-slumped-wiping-billions-from-its-market-value", "title": "Why Apple shares have slumped – wiping billions from its market value", "summary": "Apple shares fell 6.1% in their worst single-day drop in over a year, wiping out about $270 billion in market value after the company raised prices on MacBook and iPad models due to rising memory and storage costs from an AI-driven chip shortage. The decline dragged down other tech stocks and weighed on global equity markets.", "body_md": "# Why Apple shares have slumped – wiping billions from its market value\n\n[Apple](/topic/apple)'s[shares](/topic/shares)experienced their most significant single-day decline in over a year, slumping after the tech giant announced price increases for several products.- The Silicon Valley firm's stock fell by 6.1 per cent overnight, erasing approximately $270 billion from its market value.\n- This sell-off was triggered by\n[Apple](/topic/apple)'s decision to hike prices for a number of[MacBook](/topic/macbook)and[iPad](/topic/ipad)models in response to soaring memory and storage costs. - The increase in component costs is attributed to a shortage of memory chips driven by the AI boom.\n- The slump in Apple\n[shares](/topic/shares)and concerns over memory supply negatively impacted stocks across the tech sector, weighing on global equity markets.", "url": "https://wpnews.pro/news/why-apple-shares-have-slumped-wiping-billions-from-its-market-value", "canonical_source": "https://www.independent.co.uk/bulletin/news/apple-shares-decline-ipad-macbook-price-increases-b3003786.html", "published_at": "2026-06-26 13:59:46+00:00", "updated_at": "2026-06-26 14:13:24.550495+00:00", "lang": "en", "topics": ["ai-chips", "ai-products", "ai-infrastructure"], "entities": ["Apple", "MacBook", "iPad"], "alternates": {"html": "https://wpnews.pro/news/why-apple-shares-have-slumped-wiping-billions-from-its-market-value", "markdown": "https://wpnews.pro/news/why-apple-shares-have-slumped-wiping-billions-from-its-market-value.md", "text": "https://wpnews.pro/news/why-apple-shares-have-slumped-wiping-billions-from-its-market-value.txt", "jsonld": "https://wpnews.pro/news/why-apple-shares-have-slumped-wiping-billions-from-its-market-value.jsonld"}}