Apple Stock Slips Ahead of Product AnnouncementApple Stock Drops After iPhone EventLast Updated:13 hours agoApple shares were edging down before its expected iPhone 17 launch event on Tuesday.The stock was down 0.4% at $236.91 in premarket trading. Stakes are high ahead of the annual event, with the biggest potential announcement being the unofficially named iPhone 17 Air, a slimmer version of Apple's flagship device."We expect this new model to have significant demand as it is the first notable redesign to the iPhone lineup in years," wrote Wedbush analyst Daniel Ives in a research note.