What's Going On With Apple Stock?
Portfolio Pulse from Henry Khederian
Apple Inc (NASDAQ:AAPL) shares dropped 0.5% despite market gains, amid news of ending its partnership with Goldman Sachs for a digital credit card and savings account product. The termination is planned within 12-15 months, despite a 2022 extension to 2029. Apple is also reportedly working on a more affordable Vision Pro headset, aiming to cut production costs by 50%. Apple's 52-week trading range is between $124.17 and $198.23.
November 29, 2023 | 7:44 pm
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Apple Inc's stock fell slightly despite market strength, potentially due to the announcement of its plan to end the partnership with Goldman Sachs and the development of a more affordable Vision Pro headset.
The slight decline in Apple's stock price could be attributed to investor concerns over the termination of a significant partnership with Goldman Sachs, which may affect Apple's financial services offerings. Additionally, the development of a more affordable headset could signal a shift in Apple's product strategy, potentially impacting future revenue streams.
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