Apple shares fall 3% to one-month low after Q1 margin forecast
Apple shares fell 3% to a one-month low after the company forecast a drop in first-quarter gross margin.
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02:33:56 PM UTC
SquawkNews
By Aditya Soni and Harshita Mary VargheseApple NASDAQ:AAPL shares tumbled about 4% on Tuesday as its first results under new CEO John Ternus showed that rising memory chip costs were denting the iPhone maker's envied margins, the latest sign of the AI boom's toll on the technology industry.Sales of…