Apple on track for lowest close since early November

Shares of Apple AAPL.O down 2.7% on Tuesday, on track for lowest close in early November as worries about the Trump administration's tariffs capped gains in major indexes

AAPL now down ~14% from its record high close on December 26, with market cap of $3.3 trln still making it the world's most valuable co

AAPL's dip underperformed most of Wall Street, with S&P 500 .SPX up 0.1% in choppy trade as U.S. President Donald Trump ramped up a burgeoning trade war with Canada

AAPL trading at almost 30x expected earnings vs a five-yr avg of 24, per LSEG

AAPL retains its lofty tech valuation even as it struggles with meager rev growth. Analysts on avg see fiscal 2025 rev up 4.7%, which would be the lowest growth among Mag 7 cos, with iPhone sales up just 1%, per LSEG

Co on March 5 launched new Macbook Air computers with lower price than previous models