Apple stock slips as iCloud lawsuit and hot inflation data jolt AAPL in early trade
Apple shares fell 0.4% to $259.49 in early Friday trading, extending losses after West Virginia sued the company over iCloud’s alleged role in child sexual abuse material distribution. Investors also weighed hotter-than-expected inflation data and a tougher outlook for U.S. rate cuts. Apple said it is expanding safety features but denied the move was linked to the lawsuit.