Apple's shares have plummeted by 5% in a single day, resulting in a massive loss of market value due to delays in the launch of Siri and regulatory scrutiny of its news app.
Apple faced a significant setback as its shares dropped by 5% in just one day, marking the largest decline since April 2025. This sharp decline, which wiped out $202 billion (approximately 18,276 billion rupees) from the company's market value, was prompted by reports of delays in the launch of the Siri voice assistant and increasing regulatory scrutiny surrounding its news application. Such a notable decrease in share value indicates serious investor concern regarding the company's upcoming projects and regulatory challenges ahead.
This drop represents the second-largest single-day loss in Apple's history, following a substantial decline observed on April 3, 2025, when the company lost $311 billion as a result of tariff announcements by then-President Trump. The significant downturn in market value has erased gains achieved over the past year, raising questions about the company's operational decisions and its ability to meet consumer expectations in an increasingly competitive tech landscape.
The delayed update for Siri, Apple's personal voice assistant, initially slated for release last year, is now projected to be postponed until 2026, further fueling concerns about the company's innovation pipeline and responsiveness to market trends. As artificial intelligence continues to evolve and dominate the technology sector, Apple's challenges with Siri could hinder its competitive edge, prompting stakeholders to reassess the company's position in the tech industry and its long-term growth potential.
