AAPL Plummets as Foldable iPhone Production Hurdles Mount
Apple's stock price closed at $316.22 on September 8, 2026, down 1.17% from its previous close of $319.97.
This correction comes ahead of Apple's product launch event scheduled for September 9, 2026, with investors appearing cautious about the company's latest product lineup, including news of its first foldable iPhone.
Despite facing selling pressure in the latest session, Apple's market capitalization stood at around $4.67 trillion, making it the world's second most valuable company by market value.
Rosenblatt analyst Barton Crockett updated his projection for Apple stock on September 1, 2026, raising the price target from $300 to $303 while keeping the rating neutral. This indicates that Rosenblatt sees some room for upside in Apple stock but not enough to change its recommendation to Buy.