Shares of Apple (NASDAQ: AAPL) fell by 3% due to delayed Mac shipments caused by coronavirus-related lockdowns in China. Some Mac Pro laptop delivery dates are extended to mid-June, potentially impacting iPhone manufacturing. Apple reduced production of the new iPhone SE, but prolonged lockdowns may still affect iPhone shipments. While delays may inconvenience consumers, loyal Apple users are likely to wait. These challenges may shift sales to later quarters but should not significantly impact Apple’s long-term performance. The company has enough inventory to cover short-term production issues, minimizing potential sales loss.
Read more at Nasdaq, Inc.: Why Apple Stock Fell Today
