Apple shares closed at $340.42 on October 8 amid broader tech gains, but pre-market trading on October 9 showed a roughly 2% decline following reports that the company directed suppliers to reduce iPhone 18 Pro component orders by about 15% due to elevated memory costs and softer demand. This follows strong fiscal Q3 results with 16% revenue growth and record iPhone, Mac, and Services figures, alongside a 25% year-to-date advance and a Moderate Buy analyst consensus with targets near $340. Management transitions, including a new M&A head under incoming leadership, and scheduled October product events add to positioning. Traders will monitor intraday volume and macroeconomic sentiment for resolution of today's close.
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