New Delhi, Aug. 25 -- The last thing Tim Cook told investors as chief executive of Apple was that the price of memory had become a natural disaster.

if there were more suppliers that would be good, and it would help on the supply side and perhaps on pricing.

On Monday, Apple rose 0.81 per cent to $311.86. Micron fell 4.91 per cent. SanDisk fell 5.52 per cent.

Both halves of Cook's warning were trading on the same screen, in opposite directions, and the market appeared to believe only one of them.

AAPL Stock Today: Apple Up, Its Suppliers Down

The Quarter Cook Signed Off On

The numbers were not the problem. Apple reported revenue of $109.4 billion for the June quarter, up 16 per cent year on year, with net income of $29.8 billion and...