Apple’s stock dips lowest since 2013

SAN FRANCISCO - Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake.

Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & Poor's 500 index, have dropped 11% in the past five sessions.

That shrank the technology behemoth's market capitalisation by $65 billion, about equivalent to Cambodia's net wealth.

Apple’s stock dips lowest since 2013

SAN FRANCISCO - Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake.

Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & Poor's 500 index, have dropped 11% in the past five sessions.

That shrank the technology behemoth's market capitalisation by $65 billion, about equivalent to Cambodia's net wealth.