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Apple’s iPhone 17 Rollout Disappoints Market, Stock Dips Over 5%
Apple’s iPhone 17 Rollout Disappoints Market, Stock Dips Over 5%
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Apple's latest product unveiling failed to excite investors, with shares dropping more than 5% following the iPhone 17 announcement. Analysts criticized the lack of innovation, noting incremental upgrades rather than groundbreaking features. The tech giant's absence from the AI race—highlighted by Google's Pixel showcase—adds to growing concerns about its competitive edge.
While Apple's "slow and steady" approach has historically paid off, market sentiment favors bold moves in the tech sector. The company's last major product launches—the HomePod and AirPods—date back to 2018 and 2016, respectively. Without a disruptive offering like a rumored foldable iPhone, near-term earnings could face pressure.
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