Apple stock plummeted on Friday, but it shouldn’t have

Apple shares fell in Friday trading, falling as much as 2.2% in the morning session. As of 3:36 p.m. EDT, the stock was still down 1.83%.

Danny Vena for The Motley Fool:

Broader stock indices were caught in a bearish current, which no doubt contributed to the iPhone maker’s downfall. However, even as the tech giant fell, there were several reports that held positive news for the company — and the shareholders.

Earlier this month, Apple announced the latest version of its popular headphones, the second-generation AirPods Pro. The first reviews of fan-favorite devices have arrived – and users are thrilled.

CNET called them “the best little headphones you can buy”, citing the improved sound, active noise cancellation and better battery life, saying they “deliver exceptionally good performance for their size”. At the same time, TechCrunch said “you won’t want to take them out of your ears,” also praising the better sound, active noise cancellation, transparency mode, and case that supports wireless charging. These accolades came as AirPods hit stores today…

In perhaps even bigger news, the company has signed a multi-year deal with the National Football League, making Apple Music the new sponsor of the NFL Super Bowl halftime show. The centerpiece of February’s annual league football game, the halftime show is an extravagant event known for hosting some of the biggest artists in the business, making it a perfect showcase for the subscription music service. from Apple.

Taken from MacDailyNews: Vena fails to mention even more recent positive news: the switch of buyers to iPhone Pro models, which will create a strong iPhone mix and, helpful to Apple and AAPL shareholders, higher iPhone ASP!

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