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Benzinga
Benzinga
Business
Melanie Schaffer

Apple Slides As Recession Fears Grip The Stock: What's Happening?

Recession Nasdaq

Apple, Inc (NASDAQ:AAPL) gapped down over 2% on Wednesday to start the trading day and continued to decline once the market opened.

A report on Tuesday indicated demand for Apple’s new iPhone line-up has decreased. As a result, the big-tech company has pulled back on its plans to ramp up production.

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