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Apple’s Supplier Concerns Drove Its Stock Lower

Adam Rogers
Apple’s Supplier Concerns Drove Its Stock Lower

Earlier this week, Apple (AAPL) stock was trading lower driven by lower sales forecasts from its suppliers, including Japan Display and Lumentum. Apple stock fell 4% to $195 on November 12—the company’s lowest share price in the last three months. Apple stock fell below $200 for the first time since July.