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Apple shares sink 4% on report of foldable iPhone delays
Updated ·First reported ·1 source
Summary
Apple shares sink 4% following reports of delays in the development of the foldable iPhone. The company is reportedly facing engineering challenges with the devices, which were anticipated to launch later this year.
Key Facts
- •Apple shares have dropped 4%.[1]confirmed
- •The decline follows a report of delays to the foldable iPhone.[1]confirmed
- •The delays are reportedly due to engineering challenges facing the development of the foldable phones.[1]unverified
[1] CNBC World
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Show summary
Apple shares sink 4% following reports of delays in the development of the foldable iPhone. The company is reportedly facing engineering challenges with the devices, which were anticipated to launch later this year.
- • Apple shares have dropped 4%.
- • The decline follows a report of delays to the foldable iPhone.
- • The delays are reportedly due to engineering challenges facing the development of the foldable phones.