Apple shares plunge after it hikes prices on iPads and laptops

Apple shares fell sharply Thursday after the tech giant raised prices on a number of its signature products to make up for what it said were skyrocketing memory prices resulting from the AI boom. As of 2:00 p.m. ET, Apple stock was down by nearly 6%, putting the company on track for its worst one-day performance in more than a year, and wiping out about $250 billion worth of market value. The company had announced that prices for its MacBook Neo, MacBook Air, iMac, and iPad product lines would all rise, in some cases by as much as $200. The...