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    Explained: Why is Apple stock falling ahead of iPhone 15 launch?

    Synopsis

    Not only had the Chinese government banned its employees from using iPhones, but Chinese smartphone maker Huawei has come out with its advanced handset — the Mate 60.

    The new iPhone 15 is set for a September 12 launch. Apple stocks have historically risen in anticipation of a new product. But over the past week, they tumbled, with investors alarmed at developments in China, the world’s largest smartphone market. Not only had the Chinese government banned its employees from using iPhones, but Chinese smartphone maker Huawei has come out with its advanced handset — the Mate 60.Apple stocks plungeApple share
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    The Economic Times