Apple stock price jumps 4% on India tax win; AAPL dips after hours as risks linger
Apple shares rose 4.1% to $270.01 Monday, then slipped 0.6% after hours. The move followed India’s new five-year tax certainty for foreign suppliers, seen as easing Apple’s iPhone production hurdles. CEO Tim Cook warned of ongoing memory-chip shortages impacting margins. Investors await a $0.26 dividend on Feb. 12 and the annual meeting Feb. 24.