Apple is facing an imminent antitrust case in India after the government issued a final warning, signaling that authorities are preparing a major regulatory challenge that could restrict Apple’s business model in the key emerging market.
- The company-specific regulatory concern appears to be weighing on investor sentiment, causing the stock to underperform the broader technology sector.
- AAPL stock traded lower on January 16, dropping 0.72% to close at $256.35.