Apple Stock Plunges Towards $330 Amid Competitive Threats and Slowing Growth

Apple's stock price has fallen from record highs above $345 to around $330 due to concerns over rising competitive threats, elevated valuation, and slowing Services growth.

The emergence of Meta's Muse as a significant competitor in mobile commerce is adding pressure on Apple's ecosystem. The new agent has reportedly surpassed 2.5 million downloads within its first two weeks after launching on September 8 and quickly reached the top of the U.S. iOS free-app chart.

New CEO John Ternus is restructuring Apple to enhance product development and explore growth opportunities amid slowing Services growth. However, rising memory costs and uneven demand in China are adding pressure on Apple's margins and future revenue expectations.