🔴 iPhone 17 disappoints.. The launch of iPhone 17 causes Apple to lose more than 112 billion dollars in market value!
🔴 Apple lost more than 112 billion dollars in market value in just two days after launching its new iPhone 17 series on September 9, despite the global media hype surrounding the event.
📉 Apple's stock saw a decline of 4.7 percent in two days, closing at 229.85 dollars, after an initial drop to 243.35 dollars at launch, triggering a massive sell-off on Wall Street.
🔻 Reasons for this decline:
- Lack of revolutionary features in the phone.
- Delay in developing its voice assistant Siri until 2026.
- No clear leap in artificial intelligence, compared to competitors like Google and Samsung.
- Investors and users expressed concern over rising prices versus value, and the absence of cheaper options, in addition to criticisms of the camera design and the back glass in the Pro and Pro Max models.
💲 Before the launch of iPhone 17, Apple's market value was around 3.52 trillion dollars, but a 3.2 percent drop in the stock on the second day alone led to a loss of approximately 112.6 billion dollars; roughly equivalent to the entire market value of Nike.
📌 Analysts believe that Apple needs new innovations and revolutionary technologies to maintain its position amid increasing competition, especially in the field of artificial intelligence. 🌐
