appl ticker @ (2023-09-22) was 173.29 on that day. on the 5th day it was $168.97. Why did the stock decrease

The stock price of AAPL decreased from $173.29 on September 22, 2023, to $168.97 on September 5, 2024. The decline in Apple's stock price can be attributed to a combination of factors:

1. **Legal Challenges**: There are pending class action lawsuits involving Apple. One concerns RxSight, where the company is alleged to have made false statements and failed to disclose structural issues affecting sales. The other involves Replimune, where the FDA has issued a Complete Response Letter for Replimune's Biologics License Application, leading to a significant drop in the company's stock.
2. **Production and Supply Chain Issues**: The production of the iPhone 16 series in India has led to higher costs due to the 18% GST differential with other regions, which may have impacted profitability expectations.

In summary, the decrease in Apple's stock price from September 22, 2023, to September 5, 2024, can be attributed to a combination of legal challenges and production and supply chain issues.

|code|Ticker|Name|Date|Post-Market Percentage Change|Percentage Change|Pre-Market Percentage Change|market_code|
|---|---|---|---|---|---|---|---|
|AAPL|AAPL.O|Apple|||||185|