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Why Did Apple Stock Fall Nearly 4% on Monday?

Why Did Apple Stock Fall Nearly 4% on Monday?

Apple (AAPL) stock declined 3.96% to $185.86 on Monday after the company slashed its production orders for all three iPhone models launched in September, according to a Wall Street Journal report. The stock has declined more than 17% since the beginning of October from a record high following a disappointing holiday quarter sales forecast and a weak outlook from several suppliers.