US Stock Market Move | Apple Inc. (AAPL.US) fell over 2% as the mass production process of its first foldable iPhone is far below expectations.
On Friday, Apple (AAPL.US) dropped over 2%, closing at $320.91.
On Friday, Apple Inc. (AAPL.US) fell over 2%, closing at $320.91. According to reports, due to Apple Inc.'s stringent quality control standards, the daily production of the foldable iPhone is currently only "hundreds" of units, which is far below the tens of thousands required for large-scale commercial shipments. Apple Inc. and its suppliers are working diligently to ramp up production capacity, but if they cannot significantly increase output in the short term, this model will face a severe shortage of inventory in the distribution channels when it officially launches.
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