iPhone 17 launch Apple market value
Apple’s iPhone 17 launch did not receive the good news the company anticipated.
Reports indicate Apple lost $50 billion in market value following the launch.
The firm launched improvements such as record-breaking battery life and the ultra-thin iPhone Air.
Analysts and critics labeled the improvements “incremental” rather than revolutionary.
This failure led investors to lose faith in Apple’s new collection.
iPhone 17 launch Apple market value, Apple hawked design enhancements, toughness, and AI-based features during the event.
The iPhone 17 variants are lighter, smarter, and feature the longest battery life in iPhone history.
Even so, the market remained unconvinced that Apple brought revolutionary innovation.
Apple has been setting global smartphone trends for years.
This time, however, experts say Apple took the safe route rather than the bold one.
And so, Apple’s stock value lost billions.
Apple still maintains one of the most devoted customer bases across the globe.
Millions make the switch to the new iPhone each year despite the criticism.
The real test for iPhone 17 will be the holiday season.
If they sell strongly, Apple might bounce back from this initial market disappointment.