'Nightline' Looks at Apple's Woes as Stock Declines 20% from All-Time High
Apple's stock is now down 20% since its all-time high set in mid-September, with investors concerned about the company's prospects for the future amid a management shakeup and questions about where the company's next major revenue growth driver will come from. Samsung's rise to prominence in mobile device markets is also weighing on Apple as the iPhone's market share growth has slowed or even declined in recent quarters.
The difficulties being experienced by Apple are gradually gaining higher visibility outside of the financial markets, with ABC's Nightline running a segment (via Fortune) addressing the issues. The evening news show had previously been granted access to Foxconn factories producing Apple products in response to public criticism over worker treatment at the facilities.
Apple is expected to have a monster holiday quarter on the strength of the iPhone 5, iPad mini, fourth-generation iPad, and updated iPod and Mac models nearly across the board. But with Foxconn still
struggling to meet demand for production of the iPhone 5, which is Apple's primary revenue driver, there are some concerns about whether the quarter's performance will be quite as big as many are hoping for.
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The upcoming iOS 26.1 update includes a handful of new features and changes for iPhones, including a toggle for changing the appearance of the Liquid Glass design, "slide to stop" for alarms in the Clock app, and more.
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Release Date
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In July, Apple sued well-known YouTuber Jon Prosser and his acquaintance Michael Ramacciotti over alleged theft of the company's trade secrets, after Prosser leaked some iOS 26 details in videos uploaded to his YouTube channel Front Page Tech. If you are not caught up on the lawsuit, read our initial coverage to learn more.
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