AAPL Slumps as Weak Momentum Weighs on Shares Ahead of Product Launch

Apple Inc.'s (AAPL) stock price took a hit on trading days as it dropped by 2.46%, closing near its session low of $319.95.

This decline is attributed to weak momentum, which has placed the share price below its key moving averages, indicating increased pressure in the short term.

The upcoming product launch event scheduled for September 9 at Apple Park, led by new CEO John Ternus, is expected to shape investor expectations and potentially influence future demand catalysts.