U.S. MarketsJuly 24 at 06:17 AM

Apple (AAPL) is reportedly seeking roughly a 20% cut in iPhone 18 OLED panel prices as rising memory-chip costs pressure component procurement, The Elec reports citing sources

StockNow breaking-news AI analysis

Apple is pressuring OLED suppliers for a 20% price cut to mitigate massive memory cost spikes for the iPhone 18, aiming to protect margins while maintaining stable entry-level pricing.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy