Apple stock price slips 6%, posts worst day in over a year after MacBook, iPad price hikes

Apple shares fell 6.15 percent to $275.15 on Nasdaq, marking their worst single-day decline since April 2025, after the company raised prices of MacBooks, iPads, iMacs, Mac Studio, Apple TV and Vision Pro citing surging memory and storage costs driven by AI data centre demand. Starting prices rose sharply, including the MacBook Neo to $699 from $599 and the 14-inch MacBook Pro to $1,999 from $1,699, while iPhones, Apple Watch and AirPods prices were left unchanged. The Nasdaq Composite closed 0.46 percent lower at 25,358.60, dragged by losses in Big Tech, signalling risk-off sentiment that could weigh on Indian tech and IT services counters with US client exposure.