Apple Shares Near Records Despite 9% China Sales Drop After CXMT DRAM Tests

Apple shares are trading near record highs around $315–317 despite iPhone sales falling 9% YoY in China during the key 618 shopping period. The stock rallied sharply from $289 after constructive EU talks on Siri AI compliance and reports of raised production targets for next-gen and foldable iPhones. The latest development centers on Apple testing CXMT DRAM chips for China devices, which boosted Chinese chip stocks while AAPL held steady amid ongoing U.S.-China supply-chain tensions.