Apple Shares Dip After EU Tax Ruling Amid Product Launch Buzz

Apple Inc. shares have dropped by more than 1% in pre-market trading after the company lost a key legal battle with the European Union over a €13 billion tax bill in Ireland. This setback comes just hours after Apple’s major product launch event, where it unveiled the iPhone 16, a new Apple Watch, and updated AirPods. Now, investors are left wondering: Will the excitement around these new products be enough to ease concerns about Apple’s tax issues?

As of 08:25 GMT, Apple Inc. is trading at $218.30, down $2.61 or 1.18%, following a 0.04% gain in the previous session.