Apple shares fell sharply, dropping 3.46% to $246.70 (a 13-week low), as investors reduced risk ahead of the upcoming Q1 2026 earnings report scheduled for January 29.

  • The risk-off move occurred despite Evercore placing AAPL on its tactical Outperform list, setting a price target of $330.
  • Market concerns are focused on whether Services revenue growth can approach 13% and if the current valuation remains justified.