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Handheld Electronic Devices

Apple Stock Drops on Report iPhone Production Hike Scrapped, Chip Stocks Hit Too

September 28, 2022 by Bestinau

Shares of Apple and its key suppliers fell Wednesday on a report that said the tech giant was scrapping plans to increase production of its latest iPhones this year due to weaker-than-expected demand. Apple (ticker: AAPL) stock was down 3.9% in premarket trading and shares in some of the company’s U.S. suppliers also were under … Read more

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