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Apple Implements Largest Hardware Price Hike. Stock Tumbles Over 5%, JPMorgan Says Market Overly Amplified Cost Impact

Apple Implements Largest Hardware Price Hike. Stock Tumbles Over 5%, JPMorgan Says Market Overly Amplified Cost Impact

TradingKey – Apple ( AAPL) has officially implemented its largest global hardware price hike in recent years, raising prices across the board for the entire Mac series, iPad, and other products.

As a bellwether of the global consumer electronics industry, Apple’s direct passing of skyrocketing supply chain costs to consumers sent shockwaves through the market, causing its stock to slide over 5% at one point on Thursday, marking its largest single-day drop since February.

As of press time, Apple was down 4.78% to $279.15.

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[Source: Google Finance]

Mac product line

MacBook Air 512GB: $1,099 → $1,299, up $200.

14-inch MacBook Pro 1TB: $1,699 → $1,999, up $300; 16-inch MacBook Pro prices up by as much as $500.

Entry-level MacBook Neo: $599 →…

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