Subrat Patnaik and Jeran WittensteinA steady slide in Apple shares pushed the iPhone maker’s market value below $2-trillion on Tuesday, the latest casualty in the tech stock rout.
Exactly a year ago, Apple’s shares briefly rallied to climb above $3-trillion in market value as the S&P 500 hit a record high. Another Apple supplier, Murata Manufacturing, added a note of pessimism last month. The company said it expected the tech giant to reduce iPhone 14 production plans further in the coming months. The iPhone accounts for about half of Apple’s revenue.
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