Apple Inc. (AAPL) Drops 4.91% as AI Delays, Rising Costs, and Alphabet's AI Push Weigh

The share price fell to its lowest level since October 2025 today, with an intraday decline of 0.97%.

Apple Inc. (AAPL) has faced a six-day losing streak, with shares dropping 4.91% over the period. The decline follows a federal appeals court upholding Apple’s dismissal of a lawsuit from AliveCor, which had accused the tech giant of blocking third-party access to Apple Watch heart monitor technology. While the legal victory reinforces Apple’s control over its ecosystem, broader headwinds persist. Alphabet Inc. (GOOGL) briefly surpassed Apple in market capitalization at $3.89 trillion, reflecting investor enthusiasm for Alphabet’s AI advancements. Meanwhile, Apple’s delayed AI product launches and rising hardware component costs, including memory prices, have raised concerns about margin pressures and competitive positioning.

Slowing growth in Apple’s App Store revenue and insider selling by executives, including CFO Kevan Parekh, have added to market unease. Investors are now eyeing January 12 as a potential catalyst for renewed momentum, though outcomes remain speculative without confirmed revenue impacts. The stock’s performance underscores the challenge of balancing ecosystem strength with evolving AI-driven competition and macroeconomic pressures. Analysts will closely monitor how Apple navigates these dynamics amid a shifting tech landscape.