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Benzinga
Benzinga
Business
Evette Mitkov

What's Going On With The Drop In Apple Stock Today?

Apple Expands XR Lineup

Apple Inc (NASDAQ:AAPL) shares are trading lower on Wednesday. The company faces a new EU antitrust complaint while navigating mixed demand signals across its iPhone lineup ahead of fourth-quarter earnings on Oct. 30.

What To Know: According to Reuters, Apple received a complaint filed with EU antitrust regulators by Article 19 and Germany’s Society for Civil Rights alleging violations of the Digital Markets Act. The groups challenge Apple’s App Store terms, iOS and iPadOS operating systems, claiming they prevent interoperability for small businesses and restrict third-party app installation.

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