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PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 10,000 shares.
Recent Updates on Apple Inc stock
Recent developments surrounding Apple Inc. (AAPL) include a variety of geopolitical and product news. The company is facing pressure from Britain’s security officials to create a ‘back door’ for accessing user data, which may lead Apple to cease offering encrypted storage in the UK. Simultaneously, Apple’s dominant position in China and the US places it at the center of a geopolitical struggle that could result in tariffs and regulatory probes, potentially impacting its business significantly. China’s antitrust authority is considering an investigation into Apple’s App Store policies, which could further complicate its operations in the key market. On the product front, Apple is preparing to unveil a new version of the iPhone SE, aimed at offering a budget-friendly option with updated features, though it will be priced higher than its predecessor.
More about Apple Inc
YTD Price Performance: -7.00%
Average Trading Volume: 50,472,873
Current Market Cap: $3419.8B
