Stock Market Today, April 7: Apple Falls After Reports of Foldable iPhone Engineering Challenges

By Howard Smith – Apr 7, 2026 at 5:16PM ESTExpandNASDAQ: AAPLAppleToday's Change(-2.07%) $-5.36Current Price$253.50Key Data PointsMarket Cap$3.8TDay's Range$245.70 - $256.2052wk Range$169.21 - $288.62Volume61MAvg Vol47MGross Margin47.33%Dividend Yield0.40%Apple (AAPL 2.07%) closed Tuesday at $253.5, down 2.07%. Shares moved lower after reports of engineering challenges for a foldable iPhone and softer App Store growth. Investors will now be watching future updates on foldable hardware timing as well as momentum in its services segment.Trading volume reached 61.1 million shares, coming in nearly 30% above its three-month average of 47.6 million shares. Apple IPO'd in 1980 and has grown 197,407% since going public.How the markets moved todayThe S&P 500 (^GSPC +0.08%) inched up 0.09% to close at 6,618, while the Nasdaq Composite (^IXIC +0.10%) added 0.10% to finish at 22,018. Within consumer electronics, industry peers Microsoft (MSFT 0.16%) closed at $372.29 (-0.16%) and Alphabet (GOOGL +1.69%) ended at $305.46 (+1.82%) as investors weighed AI and hardware roadmaps.What this means for investorsApple shares dropped following a report from Tokyo-based Nikkei Asia about engineering issues with its foldable iPhone. However, the shares trimmed losses after Bloomberg reported that the device is still set to debut in September. Investors jumped to get ahead of any potential official announcements of shipment delays amid high expectations for a key premium phone offering.Some analysts are also concerned that services growth could slow moving forward. That segment grew a strong 14% in fiscal Q1. Slowing momentum in that segment could negatively impact valuation multiples. At the same time, other analysts remain bullish that there is still upside in the shares. Apple will report fiscal Q2 results on April 30, giving investors more to consider. Read NextApr 7, 2026 •By Keith NoonanWhy Apple Stock Is Sinking TodayApr 7, 2026 •By Daniel Sparks3 Reasons This Warren Buffett Favorite AI Stock Could Soar Over the Next 10 YearsApr 7, 2026 •By Bram BerkowitzBillionaire Warren Buffett Says He Sold His Favorite Stock "Too Soon." Should Investors Back Up the Truck?Apr 6, 2026 •By Neil PatelShould This Trillion-Dollar "Magnificent Seven" Company Spend Billions to Buy Peloton in 2026?Apr 6, 2026 •By Lyle DalyThe Largest Real Estate Companies by Market Cap in April 2026Apr 4, 2026 •By James BrumleyHow Much Would You Have if You Had Invested $2,000 In Apple When It Went Public?About the AuthorHoward Smith is a contributing Motley Fool stock market analyst covering technology and industrial stocks. Prior to The Motley Fool, Howard spent nearly 30 years supervising quality and operations in the steel industry, mostly with leading steel company Nucor. He holds a bachelor’s degree in metallurgical engineering from Lafayette College and a master’s degree in environmental engineering from Johns Hopkins University.TMFBuilt2LastStocks MentionedAppleNASDAQ: AAPL$253.14(-2.21%)-$5.72MicrosoftNASDAQ: MSFT$371.85(-0.28%)-$1.03AlphabetNASDAQ: GOOGL$305.06(+1.69%)+$5.07*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.