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  • Apple’s market value falls below $2 trillion as tech rout hits iPhone maker. Apple’s supply chain operations are basically in disarray, and this is all due to a Covid outbreak in a place called “iPhone City” in Hunan Province in China. It’s their biggest iPhone factory. And analysts are now expecting that the lucrative holiday quarter where Apple is expected to produce record revenues will instead not meet last year’s levels. Source(2:58)
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