Apple stock price drops 3% as Tim Cook teases a “big week” — what AAPL traders watch next
Apple shares fell 3.2% to $264.18 Friday, closing below $272.95 after heavy trading, and slipped 0.1% more after hours. CEO Tim Cook signaled a series of announcements starting Monday, with media invited to March 4 events in New York, London, and Shanghai. IDC warned rising memory costs could push average smartphone prices up 14% to $523 in 2026. Apple’s market value stood near $4 trillion.