🔴 Apple is trading 3.13% down today after reports of hundreds of foldable iPhones daily

Apple is trading at $317.94 (-3.13%) after reports that initial foldable iPhone output is only a few hundred units daily.

• The production constraint reflects Apple’s unusually strict quality-control standards.
• Apple’s production report appears to be the primary catalyst, while softer sentiment may add pressure; the S&P 500 is down 0.50% and Nasdaq is down 0.38%.
• The foldable iPhone remains planned for a September 2026 launch, but the slow ramp raises initial-availability concerns.