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January 7, 2016

Apple stock slumps on iPhone sales worries

SAN FRANCISCO (AP) — Apple fans keep buying iPhones, but Wall Street keeps worrying the company won't be able to match last year's blistering sales pace.

Shares in the world's most valuable company have fallen more than 15 percent over the last month, amid a drumbeat of news reports that some Asian parts suppliers are expecting Apple to trim orders for its signature smartphone this winter. Those fears were compounded Wednesday when the Wall Street Journal said one of Apple's most important contractors is sending some workers home on “early holiday” before the Chinese New Year in February.


 
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