Yahoo Finance

Apple stock was dropping early on Thursday as the market braces for its earnings report after the market close and digests a potential criminal contempt charge for the iPhone maker. Apple shares were down 1.4% in premarket trading. The drop comes after a U.S. District Judge rebuked Apple, saying it ignored an injunction tied to the company’s U.S. App Store, and referred the case to the U.S. Attorney for the Northern District of California for possible criminal contempt charges.