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Apple iPhone sales fears rock Wall Street
2018-11-13T03:38:02.8220137Z - / Hacker News
Technology stocks led the Wall Street sell-off which saw shares in most sectors tumble. The warnings from Apple suppliers extended a slide in Apple shares that started earlier this month after the firm's sales forecast disappointed investors. It continues to make record profits, thanks to higher prices and growing income from its services business, which includes services such as the App Store, Apple Pay, Apple Music. Goldman hitMeanwhile, Goldman Sachs, which has been embroiled in a corruption scandal at Malaysia's state-backed development fund, also dragged Wall Street indexes lower. The US market declines come amid an extended period of volatility on Wall Street, with investors wary due to warnings of a slowdown in global growth, trade tensions, falling oil prices and rising interest rates.

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