Apple Inc (NASDAQ:AAPL) shares are edging slightly lower Tuesday as big-cap technology names face a difficult session with the Nasdaq and the broader S&P 500 down. Here’s what you should know.
- Apple stock is among today’s notable decliners. Why is AAPL stock down today?
Tech Weakness Deepens as Sector Rotation Pulls Leadership Toward Energy
Technology is one of the weakest sectors on the session dropping 1.78% while leadership has shifted toward Energy and Real Estate. Apple is holding up better than most of its large-cap peers but the weight of the broader tech selloff is enough to keep the stock in the red.
Market breadth is only mildly positive with an advance/decline ratio of 1.2 offering little in the way of a tailwind for growth names.
Apple’s Foldable iPhone Delay
Hanging over the stock is analyst Ming-Chi Kuo’s latest supply chain assessment suggesting Apple’s first foldable iPhone could land later than the rest of the iPhone 18 family. Kuo’s checks point to total assembly shipments of roughly 7 million to 8 million units in the second half of 2026 with third quarter volumes coming in at just 500,000 to 1 million units. That compares unfavorably to the estimated 20 million to 22 million iPhone 18 Pro and Pro Max units expected to ship in the same period.
Kuo drew a parallel to the iPhone X rollout in 2017 suggesting Apple could unveil the foldable alongside its other new models but hold back preorders and retail availability by several weeks due to manufacturing constraints.
Apple’s Key Moving Averages and Trends
From a technical standpoint Apple remains in a well-defined uptrend sitting approximately 5.8% above both its 20-day and 50-day moving averages, 12.5% above its 100-day and 15% above its 200-day. The golden cross established in September 2025 when the 50-day crossed above the 200-day continues to provide a longer-term constructive backdrop.
MACD is currently above its signal line with a positive histogram suggesting buyers are gradually reasserting themselves after the recent pullback. The bigger question heading into the near term is whether the stock can clear supply near its highs or needs to consolidate first following June’s swing high and an overbought RSI reading.
Key resistance sits near $317.50 in the 52-week high zone while $287.50 represents the next meaningful support level below current prices.
AAPL Shares Are Dropping
AAPL Price Action: Apple shares were down 0.16% at $312.18 at the time of publication on Tuesday. The stock is trading near its 52-week high of $317.39, according to Benzinga Pro.
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