Why Apple Stock Fell Today

Shares of Apple (NASDAQ: AAPL) sank on Thursday after the tech titan was forced to raise prices across several of its popular products.

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Artificial intelligence (AI) has been a boon for many chipmakers. Memory maker Micron reported blowout results on Wednesday, with its revenue more than quadrupling.

But Micron's gain in Apple's pain. Soaring prices for memory chips and storage are driving up Apple's costs.

To preserve its margins, the iPhone maker was forced to institute a series of price hikes on Macs and iPads.

"We're doing our best to mitigate the huge increases that are being passed to us, and we've been trying to shield our customers from the increases, but the situation has become unsustainable," CEO Tim Cook said in an interview with The Wall Street Journal earlier this month.

Here are some of the notable price changes:

MacBook Air with 512 gigabytes of storage up $200 to $1,299

MacBook Pro with 1 t

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/why-apple-stock-fell-today-022601130.html)