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    Apple’s Stock Down 20% Since Early April Amid Broader Market Losses

    Apple’s Stock Down 20% Since Early April Amid Broader Market Losses

    Apple’s stock opened at $146.85 today and continues to trend downwards, with shares currently trading below the $143 mark in today’s session. Apple’s stock price has declined approximately 20% since closing at $178.44 on April 4.
    Apple has been financially successful during the COVID-19 pandemic, with the company recently setting a new March quarter revenue record of $97.3 billion. However, on an earnings call last month, Apple said supply constraints caused by COVID-related disruptions and industrywide silicon shortages were impacting the company’s ability to meet customer demand, resulting in lengthy shipping estimates for devices like the MacBook Pro.

    Source:https://www.macrumors.com/2022/05/18/aapl-down-20-percent-since-early-april/