Apple’s iPhone 17 Debut Sparks Market Jitters, $112 Billion Wiped from Value
The unveiling of Apple’s much-awaited iPhone 17 has rattled investors, erasing more than $112 billion from the tech giant’s market capitalization within just a few days.
The stock slid 1.5% on launch day, followed by another 3.23% decline the next session. Analysts attribute the slump to a mismatch between consumer expectations and the final product criticism has centered on minimal AI upgrades and modest design tweaks. Although pre-orders remain strong in key markets such as the U.S., U.K., and Germany, the rollout of the iPhone Air in China has been hampered by regulatory hurdles.
Despite the downturn, some analysts remain optimistic, citing Apple’s growing services sector and long-term sales momentum as reasons the setback may prove short-lived.
