Ternus Era Begins: Apple Drops to $319.97 Ahead of Sept 9 Event

"Margin Pressures vs. Ternus’s Foldable Debut" Apple (AAPL) slides 2.5% to $319.97 on Friday because investors are nervous about the September 9 event. New CEO John Ternus is stepping up, and rumors say the foldable iPhone Ultra has major factory delays that will hurt holiday sales. Plus, higher memory chip prices mean Apple has to squeeze its profit margins or hike phone prices. On top of everything, a 60% chance of a Fed rate hike has Wall Street dumping big tech stocks. Apple drops before the iPhone event almost every year and recovers later. But this drop has actual structural risks behind it: a brand new CEO, inflating chip costs, and manufacturing bottlenecks on a brand new foldable category. Are cost spikes and foldable iPhone delays enough to keep you on the sidelines? Source: [CNBC](https://www.cnbc.com/video/2026/09/04/apple-shares-drop-ahead-of-next-weeks-product-event.html)