Apple Shares Rebound After Price-Hike Shock; Analysts Back Company’s Margin Defense
Apple shares rose 1.8% in afternoon trade to $280.11, rebounding from a steep decline triggered by news the company would raise prices 15%-25% across MacBook, iPad and home devices due to an unprecedented shortage of memory chips and storage components tied to surging AI data center demand. Analyst notes from several firms framed the earlier sellof…