AAPL has declined approximately 8-10% from its pre-WWDC peak near $310 and is now trading at $283.78, a level that represents a significant technical oversell following a 'sell the news' reaction to WWDC 2026 AI announcements. The fundamental underpinnings remain robust — Q2 revenue of $111.2 billion (+17% YoY), a $100 billion buyback authorization, and a credible Apple Intelligence monetization roadmap via iCloud+ subscriptions — suggesting the current price dislocation is driven by sentiment and short-term execution skepticism rather than a deterioration in business quality. At current levels, the risk/reward favors a mean-reversion bounce toward the $293–$300 resistance zone as near-term selling pressure exhausts itself and the buyback program provides a structural price floor.