WS #12406
Apple raised iPhone prices in Japan by up to 11% due to the weak yen, potentially impacting demand and margins. Netflix forecast Q3 revenue and earnings below expectations, with shares falling over 8% in after-hours trading. A massive selloff in semiconductor stocks rattled global markets, with the Nikkei plunging over 5% and MSCI Asia-Pacific ex-Japan down 2.7%.
Apple Price Hike in Japan
Apple raised iPhone prices in Japan by up to 11% due to the weak yen, potentially impacting demand and margins.
Netflix forecast Q3 revenue and earnings below expectations, with shares falling over 8% in after-hours trading.
A massive selloff in semiconductor stocks rattled global markets, with the Nikkei plunging over 5% and MSCI Asia-Pacific ex-Japan down 2.7%.