AAPL is trading at $250.00 (-3.4%) as engineering challenges with its first foldable iPhone potentially delay mass production by several months.
- Reports indicate significant complexities regarding the hinge mechanism and display durability are the primary drivers of the delay.
- The decline outpaces the broader market, with the NASDAQ Composite down 0.64% amid geopolitical tensions and inflation concerns.
- Shares are down sharply from the prior close of $258.86 recorded on April 6.