Apple shares plunge after increasing prices in face of memory shortages

Apple shares slumped after price increases for products including a number of iPad and MacBook lines (Alamy/PA) -

Shares in Apple tumbled at their fastest rate for more than a year after the tech giant said it was hiking prices in response to soaring memory and storage costs.

The slump in value knocked stocks across the tech sector and weighed on early trading in Asia on Friday morning.