Stocks
Apple Shares Fall Ahead of Foldable iPhone and Siri Upgrades
Apple shares fell by approximately 1.2% to $316.31 on Tuesday as the company prepares for its first major product event under CEO John Ternus.
The spotlight is expected to land on a foldable iPhone, premium handset upgrades, and Apple's rebuilt Siri assistant.
In its latest financial statements, Apple reported that quarterly iPhone revenue surged 22% to $54.25 billion, representing nearly half of total sales.
This significant revenue figure leaves little room for error at the upcoming event, as Apple's share price stands 11.04% above its GF Value estimate of $284.87.