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Apple stock faces worst post-earnings drop in 13 years

Reported · Written up by our desk · Equities

MarketWatch reports that Apple’s shares were headed for a steep decline after its post-earnings reaction marked the worst drop in more than a decade.

The outlet attributed the selloff to investor concern over weak guidance, which it linked to supply chain pressures.

MarketWatch also noted that the negative reaction was significant enough to point to a roughly $460 billion wipeout in market value.

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