Apple experienced a challenging start to 2024 marked by troubles in China, a substantial fine from the European Commission, and legal disputes. The company downsized through layoffs following the abandonment of two significant projects, faced declining iPhone sales in China, halted its electric car initiative, and was fined €1.8 billion for market dominance abuse. Legal challenges continued as the US Department of Justice accused Apple of anti-competitive actions, resulting in a 12% stock decline and investor uncertainty.

Apple's Turbulent 2024 Initiation