Apple's stock price fell 1.5% after the release of iPhone 17

Apple's stock price fell 1.5% to $234.35 after the release of the iPhone 17, as investors viewed the new models, including the ultra-thin iPhone 17 Air with the A19 Pro chip, as a progressive upgrade rather than a major innovation. Analysts at UBS and Jefferies expressed doubts about sales growth, citing market saturation and slow integration of AI. Although Wade Bush Securities pointed out that the Pro model may rise in price, concerns over the innovation gap and competitive pressure still put pressure on Apple's stock price.