Apple shares are trading lower amid weakness in tech stocks. The stock may also be under pressure after China banned the use of iPhones for government officials at work.
Portfolio Pulse from Benzinga Newsdesk
Apple shares are trading lower due to a general weakness in tech stocks and a ban on the use of iPhones by government officials in China.
September 06, 2023 | 4:34 pm
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Apple's stock is under pressure due to a broader tech stock downturn and a regulatory action in China banning the use of iPhones by government officials.
Apple's stock is directly impacted by the overall performance of tech stocks. The ban on the use of iPhones by government officials in China, a significant market for Apple, could also negatively affect the company's sales and profitability, thereby putting downward pressure on the stock.
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