Apple Event 2023: Stocks Dip Despite New Technology


Apple unveiled the new iPhone 15 line and Apple Watches. Despite the new gadgets, Apple Inc’s stocks took a 2% dip right after the event, adding to its 1.7% decline from the day before. Apple contributed to last week’s tech stock losses due to rumors of an iPhone ban for government workers in China. 

The USA regulated the sales of semiconductor chips to China. The trade sanctions of each party may lead to decreased innovation of semiconductor chips and possibly volatile stocks in the tech industry.