- Apple shares rose over 4% to reclaim the $300 level, rebounding from a selloff triggered by significant price hikes across its Mac and iPad lines.
- The company has reportedly raised its 2026 production target for a foldable iPhone Ultra to 10 million units, up from a previous estimate of 7 to 8 million.
- To combat a 271% surge in memory costs for the iPhone 18 Pro, Apple is in talks with Chinese suppliers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC) for components exclusive to the Chinese market.
- Apple is scheduled to report its fiscal third-quarter 2026 earnings on July 30, with revenue growth projected between 14% and 17%.
Quotes
“Wall Street probably feels positively about last night’s report that Apple is reportedly telling suppliers to make more foldable iPhone Ultra models.”
“Apple is reportedly in talks with two Chinese memory chip manufacturers, ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC), to procure memory chips for select products sold in the Chinese market, aiming to ease cost pressures”
“limited availability of several Mac models, particularly the MacBook Neo, due to supply constraints and increased A18 Pro chip orders, is expected to be a more significant factor”