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Why Apple Stock Dropped This Morning

·2 min read
Why Apple Stock Dropped This Morning
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Shares of Apple (NASDAQ: AAPL) stock dipped 1.5% in noonday trading, EDT, Monday, and the slip appears tied to some news out of Europe that broke late last week. As The Verge reported Thursday, the European Commission, the executive arm of the European Union, is considering mandating that all cellphones sold in the EU use a standard USB-C power cord. It could be a big problem for Apple, however, which uses, and sells, proprietary Lightning cables to charge its iPhones.