Apple stock falls after report foldable iPhone faces delays on engineering snags

Apple's AAPL.O stock recently down 2.8% in Tues afternoon trading after report it could be facing delays in launching its long-awaited foldable iPhone

The tech giant facing engineering development issues that could delay the first shipments of the foldable iPhones by months in a worst-case scenario, Nikkei Asia reported, citing sources

But Bloomberg News reported on Tues AAPL remains on track to release the phone in Sept, alongside the iPhone 18 Pro and Pro Max, citing people with knowledge of the matter

Nikkei had reported in Jan that AAPL would focus on delivering its first foldable iPhone and two non-folding models with upgraded cameras and larger displays for a flagship launch in the second half of 2026

AAPL stock, which fell as much as 5.1% earlier in the session, is the biggest drag on S&P 500 Tech index .SPLRCT. The index is off 0.5% on Tues

Stock now down ~7.5% YTD, in line with SPLRCT's decline, while Nasdaq .IXIC down ~6%