Apple’s iPhone business is booming. Here’s why the stock is falling anyway.

Apple is experiencing a decline in stock value despite the booming demand for the iPhone. While the hardware business remains strong, the company is currently facing a worsening memory crunch that impacts operations. Additionally, Apple is dealing with a slowing services business, which is contributing to the downward pressure on the stock price. These combined factors are offsetting the positive momentum generated by the high demand for the latest iPhone models in the global market.