Apple stock slips after the bell as tech cools; Cook teases “big week” of launches
Apple shares closed down 0.5% at $272.95 Thursday and were little changed after hours, as CEO Tim Cook teased a product launch starting Monday. An IDC forecast projected global smartphone shipments will drop 12.9% in 2026, highlighting pressure on pricing and component costs. Shareholders rejected a “China Entanglement Audit” proposal at Apple’s annual meeting.