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Why Apple Stock Dropped This Morning

TheMotleyFool

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Shares of Apple (NASDAQ: AAPL) stock dipped 1.5% in noonday trading, EDT, Monday, and the slip appears tied to some news out of Europe that broke late last week.

As The Verge reported Thursday, the European Commission, the executive arm of the European Union, is considering mandating that all cellphones sold in the EU use a standard USB-C power cord.

Such a requirement, if it becomes law (and it might not become law) wouldn't be a big deal to companies such as Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) that sell phones that already use USB-C for charging. It could be a big problem for Apple, however, which uses, and sells, proprietary Lightning cables to charge its iPhones.

Source Fool.com

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