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The Economic Times
The Economic Times
Business

Apple shares tumble 9% on supply worries, on track for worst single-day fall in over 6 years

Apple Nvidia Tim Cook Supply chain

Apple shares tumbled 9.44% to $301.95 on Friday after the iPhone maker issued a weaker-than-expected outlook, citing component shortages as the AI-fuelled data-centre boom strains global supply chains, Reuters reported.

The stock shed $31.48 in the session, slipping from its previous close of $333.43.

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