Apple’s share price took a 2.5 per cent hit on growing investor concerns about its growth in China, in a glum Monday for tech stocks that also saw Twitter fall to a new low.
Apple’s latest declines extend a poor run that began after it reported its latest earnings two weeks ago, which failed to match Wall Street’s high expectations.
Canalyst, the research group, said on Monday that Apple had lost its position atop the Chinese smartphone market to local upstart Xiaomi in the second quarter.
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