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Apple Stock Drops 3.2% Amid Tepid Response to New Product Launches
Apple Stock Drops 3.2% Amid Tepid Response to New Product Launches
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BTCCSquare news:
Apple's shares fell sharply during Wednesday's trading session, declining 3.2% even as broader market indices posted modest gains. The sell-off followed the company's latest product unveiling, which failed to excite investors. New iPhone models, including the ultra-slim iPhone Air, drew mixed reactions, with concerns mounting over pricing strategies and margin pressures.
The tech giant maintained most iPhone 17 pricing in line with previous generations, but the premium iPhone Pro 17 will launch at $1,099—a $100 increase from its predecessor. Rising tariff costs have amplified investor anxiety about profitability. Apple's recent struggles with AI innovation and mobile market saturation compound these challenges.
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