Are tech stocks the new value stocks?
Apple Inc (NASDAQ:AAPL, XETRA:APC) shares fell almost 4% on Tuesday after Nikkei Asia reported that Apple is encountering more engineering challenges than anticipated during the early test production phase of its foldable iPhone, potentially delaying the device's launch into 2027. The foldable iPhone is currently undergoing engineering verification testing, a critical stage that evaluates new designs before mass production.
Apple (AAPL) is under significant pressure on Tuesday morning following reports of engineering delays on its first foldable iPhone. The tech titan, which has long been rumored to be working on a bendable device to rival Samsung's dominance in the category, is reportedly hitting snags in screen durability and hinge mechanics.
Apple shares sunk 4% after reports that the company's foldable iPhones may face delays. Nikkei Asia reported that the company is facing engineering challenges in what would be the iPhone-maker's first foldable device.
Apple (NASDAQ:AAPL | AAPL Price Prediction) shares are down 5% in Tuesday morning trading, sliding from $258.86 to less than $246 as two distinct headwinds collide: engineering setbacks threatening the company's first foldable iPhone and a freshly decided patent battle in China.
The Magnificent 7 — Apple ( NASDAQ:AAPL | AAPL Price Prediction ), Amazon ( NASDAQ:AMZN ), Alphabet ( NASDAQ:GOOG )( NASDAQ:GOOGL ), Meta Platforms ( NASDAQ:META ), Microsoft ( NASDAQ:MSFT ), Nvidia ( NASDAQ:NVDA ), and Tesla ( NASDAQ:TSLA ) — have powered the market's AI-driven rally, lifting their combined market capitalization past $20 trillion.
Apple (NASDAQ: AAPL) remains in focus on Wall Street after Evercore ISI analysts reiterated a bullish stance on the stock, despite volatility in recent weeks.
In the latest trading session, Apple (AAPL) closed at $258.86, marking a +1.15% move from the previous day.
What's behind a new wave of apps in the Apple App store? It's probably two words: vibe coding.
Apple is trying for a second time to take its legal battle with Epic Games to the U.S. Supreme Court, TechCrunch reported Monday (April 6).
Apple is preparing to take its App Store fight with Epic Games back to the Supreme Court. In a new filing, the iPhone maker said it plans to ask the U.S. Supreme Court to review another aspect of this long-running case over App Store fees.
Apple Inc (NASDAQ:AAPL, XETRA:APC) is positioning itself to capture a broader segment of the personal computer market with its newly launched MacBook Neo, according to Bank of America analysts. The investment bank maintains a ‘Buy' rating on Apple, with a price target of $320, implying upside from current levels of about $259.