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Why Apple Stock Dropped Today

·1 min read
Why Apple Stock Dropped Today

Shares of Apple (NASDAQ: AAPL) fell 2.7% on Monday after a key supplier suspended some of its manufacturing operations in China. The lockdowns led Foxconn Technology to cease production at its facilities in Shenzhen, China where it manufactures iPhones and iPads. Apple could face new production problems due to COVID-19.