Why Apple Stock Fell Today

Why Apple Stock Fell Today

Shares of Apple (NASDAQ: AAPL) declined by 2.1% on Tuesday after TF International Securities analyst Ming-Chi Kuo warned that the tech giant's smartphone shipments could come in far below investors' expectations. The worrisome combination of soaring coronavirus infections, stifling lockdowns, and intensifying civil unrest is weighing heavily on China's economy. It's also taking a heavy toll on Apple's ability to manufacture its products in the country.