Apple closed at $311 on Aug 5 after its memory-chip warning. Will it close above $320 on Aug 10?

Apple Inc. shares failed to reclaim the $320 threshold in the trading days following an early-August warning about escalating memory-chip costs. After closing at $311 on Aug. 5, Apple stock held roughly steady through midweek, closing at $313.33 on Aug. 7, still well below its July 28 all-time closing high near $340. The stock resumed its slide on Monday, Aug. 10, opening near $305.57, down roughly 2.5 percent from the prior close, after Jefferies downgraded Apple to Underperform from Hold and cut its price target to $263.66. Analyst Edison Lee said supply-chain checks indicated Apple had canceled a planned all-glass 20th-anniversary iPhone due to poor production yields, calling it a setback to the company's push toward higher-priced models at a time when memory costs were already surging industrywide. Shares fell about 2 percent on the day, according to CNBC and Bloomberg, finishing well under $320. The move followed CEO Tim Cook's earlier comments describing a "100-year flood" in memory-chip pricing that was pressuring hardware margins. Combined, the memory-cost warning and the Jefferies downgrade kept Apple stock roughly $13 to $15 below the $320 resolution threshold for the question. The prediction-market community had split evenly, 50-50, on the outcome heading into resolution; the actual result confirms it was effectively a coin flip that resolved NO.