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Why Apple Stock Was Sliding Today

TheMotleyFool

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Why Apple Stock Was Sliding Today: https://g.foolcdn.com/editorial/images/714565/apple-red-iphones.jpg

Shares of Apple (NASDAQ: AAPL) were falling today on yet another data point showing weak iPhone sales heading into the new year.

As a result, the stock was down 2.3% as of 2:19 p.m. EST.

Market research firm Trendforce cut its forecast for iPhone shipments in 2022 after a COVID-19 outbreak in Zhengzhou, China where Foxconn manufactures iPhones.

Source Fool.com

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