Apple shares traded near $335 intraday on October 9 after closing at $340.42 the prior session, reflecting pressure from reports that the company reduced iPhone 18 Pro component orders by at least 15 percent amid softer early demand and elevated memory chip costs. The move coincides with a broader telecom sector selloff tied to SpaceX’s spectrum acquisition. Apple’s fiscal Q4 results, due November 2, will provide the first read on launch-quarter iPhone revenue following the September product event. Year-to-date gains exceed 25 percent, with the stock holding near its 52-week high of $345 despite the latest pullback and forward-looking supply constraints.
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