Stock Market Today, June 25: Apple Drops After Raising Device Prices to Offset Higher Memory Costs

Apple (NASDAQ:AAPL) made news on the consumer devices side of the business today. The stock closed at $275.15, down 6.12%. Apple fell after it raised prices across Macs, iPads, home devices, and Vision Pro to offset higher memory and storage costs.Trading volume reached 106.4 million shares, coming in about 119% above its three-month average of 48.5 million shares.The S&P 500 (SNPINDEX:^GSPC) slipped 0.01% to 7,357, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.46% to 25,359. Among consumer electronics and personal computing hardware and software peers, Microsoft (NASDAQ:MSFT) closed at $352.83, down 3.46%, and Alphabet (NASDAQ:GOOGL) ended at $343.71, down 0.46%, as Apple and other large technology names faced selling.The market tide turned against Apple and other hardware manufacturers today after Micron Technology (NASDAQ:MU) reported stellar earnings after the bell yesterday. Micron stock soared nearly 16% after blockbuster earnings that included revenue quadrupling year over year and a record adjusted gross margin of about 85%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool