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Apple Debuts Foldable Phone, AeroVironment Drops, Abercrombie Reports
Description
Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- Apple (AAPL) stock has rallied since June 25, driven by excitement about the new lineup of devices, particularly the foldable phone. The company's revenue is expected to rise in fiscal 2026, but Apple is still considered an AI laggard, a long-term fundamental issue for investors. The foldable iPhone is projected to have a starting price of $2,300 to $2,500, and shipments are estimated to total about 6.5 million units in Apple's fiscal first quarter.
- AeroVironment (AVAV) narrowed its loss in the fiscal first quarter as higher sales of its autonomous defense systems boosted the top line.The drone maker on Wednesday reported a loss of $5.1 million, or 10 cents a share, compared with a loss of $67.4 million, or $1.44 a share, a year earlier
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