Apple CEO Tim Cook presents at WWDC 2023
Apple CEO Tim Cook speaks before the start of the Apple Worldwide Developers Conference at its headquarters on June 05, 2023 in Cupertino, California.
  • Apple stock dropped about 3% Wednesday following developments with regulators in Europe and China.
  • The European Commission named Apple a "gatekeeper" along with Microsoft, ByteDance, Meta, Amazon, and Alphabet.
  • Beijing, meanwhile, banned government employees from using iPhones, the WSJ reported.

Apple stock declined roughly 3% on Wednesday following a pair of regulatory developments in Europe and China.