New York, September 10:
Shares of Apple Inc. (NASDAQ: AAPL) slipped in early Tuesday trading, reflecting broader weakness across the technology sector. By 9:58 a.m. ET, the stock was down $4.85 (-2.07%) at $229.50, compared to the previous close of $234.35.
Intraday Performance
- Opening price: $232.18
- Day’s high: $232.42
- Day’s low: $228.84
- Market cap: $3.41 trillion
- P/E ratio: 34.95
- Dividend yield: 0.45% (quarterly dividend: $0.26)
The stock saw sharp selling pressure shortly after the market opened, dropping from its opening price of $232.18 to as low as $228.84. The move represents a continuation of volatility seen in recent sessions.
52-Week Performance
Apple shares have traded between a 52-week high of $260.10 and a 52-week low of $169.21. The current level places the stock closer to the middle of that range, though still significantly above its yearly low.
Market Sentiment
Analysts point to broader macroeconomic uncertainty and sector-specific concerns as possible drivers of today’s decline. Investors remain cautious ahead of upcoming U.S. inflation data and Federal Reserve policy updates, both of which could impact large-cap tech valuations.
Analyst Viewpoint
Despite today’s pullback, market experts remain generally bullish on Apple’s long-term trajectory. The company’s continued strength in iPhone sales, expansion into services, and focus on artificial intelligence are viewed as key growth drivers. However, supply chain challenges, regulatory risks, and slowing global demand may act as near-term headwinds.
