Apple stock price drops in early trade as China iPhone demand data lands, FTC scrutiny looms
Apple shares fell 1.1% to $272.42 Thursday morning, underperforming U.S. indexes despite data showing it was the only major brand to grow January smartphone sales in China. Investors weighed China gains against regulatory scrutiny and rising costs. The U.S. CPI report due Friday and Apple’s Feb. 24 annual meeting remain in focus.