Apple slides to five-month low, uncertainty grows

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    Technology News

    The Apple logo hangs in a glass enclosure above the 5th Ave Apple Store in New YorkSAN FRANCISCO/NEW YORK (Reuters) – Shares of Apple Inc slid almost 4 percent on Wednesday to a five-month low as investors grew more uncertain about its ability to fend off unprecedented competition and untangle a snarled iPhone 5 supply chain. Apple's slide outpaced the S&P 500's drop of about 2.4 percent the day after the U.S. election, putting the world's most valuable technology company into bearish territory. Long a mainstay of many fund portfolios, Apple on Wednesday lost 20 percent – $130 billion of its market value – since hitting a record high in September. …

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