What you need to know
- Apple shares fell by some 2.7% yesterday.
- There are concerns about the impact COVID could have on the recovery of the economy.
- The dip may also be a response to reports of spyware impacting a small number of iPhones.
Apple's share price dipped by 2.7% yesterday, closing at $142.45 due to a variety of different factors.
Apple's share price remains strongly up over the last month but the price has dipped since the stock briefly touched the $150 mark last week. It follows reports that Apple is delaying its return to office work in California because of rising COVID cases, from Monday:
It also follows a concerning report about iPhones infected with spyware that saw a commercial hacking group exploit the iPhones of journalists and activists. A zero-click iMessage exploit in iOS 14 (.6).
Apple is due to announce its Q3 earnings at its quarterly call on July 27, where it is expected to post strong double-digit growth year on year, but a slightly bigger than normal sequential dip because of component shortages, which the company says could cost it $4 billion.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9