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Tech Giant Apple’s Shares Plunge To Their Lowest In 18 Months Amid Shortage In iPhone Supply

Tim Cook led Apple, which earlier this year became the world's first company to have a market value of $3 trillion; Apple joined Tesla, Alphabet, Meta, and other titans in the stock plunge. This week, Apple shares closed at their lowest level since June 2021. Apple's shares dipped further by 3% yesterday (Wednesday). Apple began the year with a share price of $182.01 and is now trading at $126.04 on the Nasdaq.

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