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Apple Shares Take Huge Hit After Rare Warning

Video Credit: Wochit - Duration: 00:34s - Published < > Embed
Apple Shares Take Huge Hit After Rare Warning

Apple Shares Take Huge Hit After Rare Warning

(Reuters) - Apple Inc shares fell as much as 9 percent in early trading after the iPhone maker blamed weak China demand for its revenue shortfall in the holiday quarter, a clear sign of the company’s struggles in the world’s largest smartphone market.

The rare revenue warning - the company’s first in nearly 12 years - sent shockwaves through global financial markets with chipmakers that supply to Apple being the hardest hit.

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