Apple re-entered bear market territory in the midst of Monday's market sell-off, sparked by worries over an escalating trade war between the US and China. Its shares were down 5.81% on the day and are off roughly 20% from a high of over $233 in October.
San Francisco Apple re-entered bear market territory in the midst of Monday's market sell-off, which was sparked by worries over an escalating trade war between the United States and China. Its shares were down 5.81% on the day and are off roughly 20% from a high of over $233 in October.
Shares closed at $185.72 and continued to fall in after-hours trading. The S&P 500 fell 2.4% on the day and the Nasdaq dropped 3.4%.Apple has been trying to regain its footing in China. In its most recent earnings, released April 30, the company posted revenue of $10.2 billion in the country for the first three months of the year, down 21% from a year earlier.
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