Market News / Story
Apple falls, SpaceX spectrum deal pressures telecom stocks
Seeking Alpha ·
Seeking Alpha reports: Apple shares slipped about 2.6% in premarket trading on Friday after a report that the company cut component orders for some iPhone 18 Pro models following weaker-than-expected demand. Telecom stocks also fell after SpaceX agreed to acquire a nationwide low-band spectrum license, potentially paving the way for increased competition with established wireless carriers. AT&T shares dropped 8%, Verizon Communications fell 7.8%, and T-Mobile US declined 7.6% following the…