Apple Falls Before Ternus's First $54 Billion iPhone Test - Yahoo Finance
Apple shares dipped ahead of a major product event where CEO John Ternus is expected to unveil a foldable iPhone and updates to Siri. The company faces pressure to prove that its AI initiatives can drive future growth.
Why it matters
As Apple's revenue relies heavily on the iPhone, the success of new hardware and AI integration is critical for maintaining its market valuation.
Apple Falls Before Ternus's First $54 Billion iPhone Test Khac Phu Nguyen Tue, September 8, 2026 at 12:51 PM EDT 1 min read AAPL -1.04% Trade Apple on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
This article first appeared on GuruFocus .
Apple ( NASDAQ:AAPL ), the consumer-technology and services giant, headed toward its first major product event under CEO John Ternus as shares fell approximately 1.2% to $316.31 Tuesday. Wednesday's spotlight is expected to land on a foldable iPhone, premium handset upgrades and Apple's rebuilt Siri assistant.
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