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Apple’s Late iPhone Launch Temporarily Wiped $100 Billion Off Its Stock Value – NDTV

The late launch of new 5G phones caused Apple Inc’s customers to put off buying new devices, leading the company on Thursday to report the steepest quarterly drop…

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Apple fell over 5% at one point in after-hours trade, wiping $100 billion from its stock market value.
The late launch of new 5G phones caused Apple Inc’s customers to put off buying new devices, leading the company on Thursday to report the steepest quarterly drop in iPhone sales in two years.
Apple fell over 5% at one point in after-hours trade, wiping $100 billion from its stock market value.
Since 2013, Apple has delivered new iPhones each September like clockwork. But pandemic-induced delays…

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