Apple Stock Falls 2% Amid Leadership Transition and Product Launch

Apple's stock fell by 2% on Friday to $321.09 per share, down from its previous close of $328.21.

The decline comes as the company transitions into a new era under CEO John Ternus, who took over from Tim Cook on September 1st.

Ternus' background in hardware engineering is seen as a positive step for Apple's future product strategy, particularly with the upcoming launch event scheduled for September 9th.

The event is expected to showcase new iPhone models and possibly even a foldable iPhone, which would be a major innovation for the company.