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Apple Stock Drops 7% Amid Chip Squeeze Concerns

Apple's Record Quarter Can't Shield It from Supply Chain Woes Apple's recent financials show a record breaking $109. 4 billion in revenue, but its stock value dropped 7% after hours.

This disparity highlights the risks of relying on an intricate global supply chain, where even a single component can become a chokepoint.

The company's Q3 report was otherwise strong, with iPhone sales exceeding forecasts and Macs flying off the shelves. However, warning signs are flashing beneath the surface.

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