TradingKey – On Thursday (June 25) Eastern Time, Apple ( AAPL) shares closed down 6.12% at $275.15, after hitting an intraday low of $273.75. From a market perspective, Apple not only underperformed the Nasdaq today but also became one of the key heavyweight stocks dragging down the performance of mega-cap tech. The immediate catalyst for the sell-off was Apple’s recent announcement of price hikes across multiple hardware products, prompting investors to reassess its future demand, profit margins, and brand pricing power.