Apple Stock Closes 1.7 Per Cent Lower Following Launch Of iPhone 15

The decline in Apple share price also came after a report that China's Huawei Technologies has raised the second-half shipment target for its Mate 60 series smartphone by 20 per cent

Apple on Tuesday unveiled its latest iPhone 15 and iPhone 15 Plus with dynamic island feature which was earlier reserved for pro versions of iPhones.

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Share price of Apple declined over 1 per cent on Tuesday as the company launched iPhone 15 at its flagship launch event 'Wonderlust'. The shares of Apple closed 1.71 per cent lower at $176.30 apiece on NASDAQ. According to a report by Reuters, the decline in Apple share price also came after a report that China's Huawei Technologies has raised the second-half shipment target for its Mate 60 series smartphone by 20 per cent.

The stock price of the tech giant has slipped over 6 per cent over the past five days. However, Apple shares have rallied 41 per cent year to date, according to exchange data.

Apple, at its annual event, unveiled its latest iPhone 15 and iPhone 15 Plus with dynamic island feature which was earlier reserved for pro versions of iPhones. It also launched the Apple Series Series 9 version at the event held in the company's headquarters in Cupertino.

According to news report, the iPhone 15 and iPhone 15 Plus will be available in pink, yellow, green, blue, and black colours in configurations of 128GB, 256GB, and 512GB starting at Rs 79,900 and Rs 89,900, respectively. Buyers in more than 40 countries and regions, including Australia, Canada, China, France, Germany, India, Japan, Mexico, the UAE, the UK, and the US, will be able to pre-order iPhone 15 and iPhone 15 Plus beginning at 5am PDT starting September 15, with availability beginning September 22.

The new set of iPhone 15 comes with 6.1 and 6.7-inch displays.  The brand new iPhone version is built with 75 per cent recycled aluminium and 100 per cent recycled cobalt. iPhone 15 is launched in Pink, Yellow, Green, Blue, and Black colour options.

Weakness in tech shares dragged Nasdaq as the tech-heavy index ended 1.04 per cent lower at 13,773.62. The S&P 500 declined 0.57 per cent to end the session at 4,461.91 points, while Dow Jones Industrial Average eased 0.05 per cent to 34,645.99 points.