Apple Shares Tumble Below Key $250 Threshold

Apple’s stock faced significant selling pressure as it dropped more than 3% and breached the psychologically important $250 level. The sharp decline has left market participants questioning what’s driving this erosion of investor confidence and whether further challenges await ahead of the company’s upcoming quarterly earnings report.

All eyes are turning toward Apple’s October 30 earnings release for the fourth quarter, where management will face intense scrutiny following the recent price decline. Market experts project earnings per share of $1.74, representing growth of 6.1% year-over-year.

Beyond the headline numbers, investors will be closely monitoring the company’s guidance for the crucial holiday quarter and listening for commentary on supply chain challenges. The upcoming report represents a pivotal moment for... Read more...