WS #11302
Apple cuts iPhone 17 production targets amid slowing demand, while memory chip price inflation and USD strength pressure margins; Michael Burry reportedly bets against Micron. Alibaba and Baidu are executing quiet layoffs to avoid public headcount reductions, reallocating resources toward AI development while navigating state mandates.
Apple faces headwinds from memory inflation and iPhone 17 production cuts
Apple cuts iPhone 17 production targets amid slowing demand, while memory chip price inflation and USD strength pressure margins; Michael Burry reportedly bets against Micron.
Alibaba and Baidu are executing quiet layoffs to avoid public headcount reductions, reallocating resources toward AI development while navigating state mandates.