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Benzinga
Benzinga
Business
Adam Eckert

Why Affirm Stock Is Falling During Apple's 2022 WWDC

Apple Affirm Nasdaq WWDC Affirm Holdings Worldwide Developers Conference

Affirm Holdings Inc (NASDAQ:AFRM) shares are trading lower Monday after Apple Inc (NASDAQ:AAPL) unveiled a new buy now, pay later program at its 2022 Worldwide Developers Conference. 

Apple's new "Apple Pay Later" product will allow users to make purchases using Apple Pay, and instead of paying in full, Pay Later users can make four payments over the span of six weeks without being charged any fees. Apple said users will be able to manage payment plans in the Apple Wallet app.

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