Apple Inc. (AAPL) saw a slight decline in its stock price on December 11, 2024, closing at $246.49, down 0.52% from the previous day's close of $247.77. The stock opened at $247.94 and reached a high of $250.80 before retreating to a low of $246.26. Trading volume was 42,854,558, slightly below the average, indicating moderate investor activity. The decline comes amid mixed news, including the launch of Apple's ChatGPT integration with Siri, which has been met with both excitement and skepticism among investors. While this development is seen as a significant step in Apple's AI capabilities, it was overshadowed by ongoing legal challenges.
A class action lawsuit filed against Apple for allegedly selling devices with overheating batteries has resurfaced, potentially weighing on investor sentiment. The lawsuit, which claims Apple was aware of the defect since 2019, could pose a reputational risk. Additionally, discussions about Apple's future product innovations, such as the blood-pressure monitoring tool for the Apple Watch, have generated interest but also highlighted some unmet expectations. Despite these challenges, some analysts, including Jim Cramer, continue to express confidence in Apple's long-term prospects, advising investors to "just own" the stock.