Apple's iPhone Sales Drive Stock Higher Amid Memory Shortages and Supply Constraints

Apple's stock rose 5% after the company reported stronger-than-expected earnings driven by robust iPhone sales and growth in China. However, global memory shortages and supply constraints are expected to impact profit margins. The company also saw increased demand for its Mac products, particularly from AI developers using OpenClaw.

By Daniel Howley · Technology Editor Updated Sat, May 2, 2026 at 3:46 PM GMT+3 3 min read · Yahoo Finance · May 2, 2026, 12:46 UTC

Tickers: $AAPL

Topics: AI strategy Apple CEO transition Earnings iPhone sales Margins Supply chain

Read the full article at Yahoo Finance

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