Shares of Apple opened in the red ahead of the company's flagship event later on Wednesday, when it is expected to unveil iPhone 18 Pro, iPhone 18 Pro Max, its first foldable iPhone, and other key devices.
The scrip was down 0.21%, or $0.65, at $315.57 at 9:35 am EST.
Apple shares fell 3.48% over the past five trading sessions to $315.57 as of September 9, keeping the stock under pressure ahead of the company's much awaited product event.
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The focus now shifts to Apple's “Surprise and Shine” event, scheduled for September 9 at Apple Park. The event begins at 10 am Pacific Time, or 10:30 pm in India.
The event will be the first major Apple event led by new CEO John Ternus after he succeeded Tim Cook.
(This is a developing story)
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