Apple (AAPL) Drops 5% After FTC Warning and AI Siri Delay

Apple (AAPL) fell 5% on Thursday, its steepest decline since April, as regulatory and operational risks outweighed recent strength. The Federal Trade Commission warned Apple could violate laws by misrepresenting terms of service in its Apple News app and accused it of systematically favoring left-wing outlets over conservative ones. Separately, a report said an AI-enhanced Siri upgrade is delayed, adding to concerns the company has lagged peers in AI advancements. The declines erased recent gains and left Apple down for 2026. The company posted record holiday-quarter revenue, but the session marked its worst since April.