Here's Why Apple's Stock Dropped 5% Today

Core Insights - Apple's stock dropped 5% following negative news, including a warning letter from the Federal Trade Commission regarding its news app and delays in AI features [1][1][1] Regulatory Concerns - The Federal Trade Commission warned Apple that its news app could violate laws by misrepresenting terms of service and favoring "left-wing" news outlets over conservative ones [1][1] - This warning raises concerns about Apple's relationship with the Trump administration, which had previously been supportive of the company [1][1] AI Development Delays - Reports indicated that an AI-enhanced upgrade for Siri has been delayed, contributing to worries that Apple is lagging behind competitors in AI advancements [1][1] - The delays in AI features come after Apple had previously posted record revenue for the holiday quarter, driven by strong iPhone and services sales [1][1] Market Impact - The 5% drop in Apple's stock represents the worst performance since April and has erased much of the gains made in recent weeks [1][1] - As of now, Apple's shares are in the red for 2026, indicating a challenging start to the year for the company [1][1]