Apple Inc. shares retreated in post-market trading Monday, falling $3.59, or 1.3%, to settle at $274.55. The stock moved between $271.73 and $278.49 during the regular session, leaving the company's market capitalization near $4.05 trillion.
The decline occurred despite a broader advance in technology stocks that lifted the Nasdaq Composite. Investors are balancing a rebound in previously pressured tech shares against a heavy calendar of macroeconomic data this week that could influence interest rate expectations and valuations for major companies like Apple.
Key reports include the January Employment Situation on Wednesday, February 11, at 8:30 a.m. ET, followed by the January Consumer Price Index on Friday, February 13, also at 8:30 a.m. ET. These figures are closely watched for signals on the Federal Reserve's policy path.
Apple recently reported quarterly revenue of $143.8 billion and earnings per share of $2.84. The company declared a cash dividend of $0.26 per share, payable February 12 to shareholders of record as of the close on February 9.
Market attention remains on pricing pressures, particularly from a global DRAM shortage affecting memory chips for resource-intensive applications. This could impact margins for upcoming iPhone models. CEO Tim Cook noted the company has "different levers" to manage costs, while industry analysts caution that pricing decisions will affect both growth and investor patience.
In China, Apple has seen a resurgence with strong interest in iPhone 17 models, including a popular orange edition, helping the company regain ground from local competitors like Huawei. Meanwhile, Apple's product pipeline continues with reported development of an iPhone 17e featuring the A19 chip and MagSafe, plus potential iPad and Mac refreshes as early as March.
The primary risk remains that if component costs rise more than expected and Apple raises prices to protect margins, demand could soften in a price-sensitive market. Conversely, absorbing those costs could pressure its elevated valuation, especially if bond yields climb following this week's economic releases.
Apple will hold its annual shareholder meeting virtually on February 24 at 8:00 a.m. Pacific Time.
