European regulators have fined Apple $2 billion for violating antitrust rules. However, the bigger concern for Apple on Monday is the reaction of investors, who have caused a drop of up to 3% in Apple's stock in the initial trading hours. This decline translates to a loss of approximately $80 billion in market capitalization for the tech giant.
Apple has announced its intention to appeal the fine imposed by the European Commission, stemming from a prolonged dispute with Spotify. It is essential to note that daily fluctuations in stock prices should not be overanalyzed. Despite the recent setback, Apple's stock is still up by around 14% over the past year.
