Business · Markets · 3 hrs ago

Apple’s strong iPhone demand faces memory shortages and slower services growth

Apple’s strong iPhone demand faces memory shortages and slower services growth

Apple’s iPhone demand remains strong, but that has not stopped its stock from falling.

The company faces a worsening shortage of memory chips, which can make it harder to meet demand or control costs.

At the same time, Apple’s services business is slowing, weakening another source of growth.

Services is a broad part of Apple’s business, alongside its sales of devices such as the iPhone.

The pressures are weighing on the stock despite strong phone demand.

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