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Technology Stocks : Apple Inc.

AAPL 271.31

+0.5%

2:19 PM EST

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From: Moonray	5/12/2016 10:42:55 AM
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Apple stock is down suddenly on a report of a drop in iPhone chip shipments Apple is down over 1% to below $91 per share on Thursday after a Nikkei report revealed that Taiwan Semiconductor Manufacturing Company, Apple's main processor chip supplier, is looking at a terrible second half of 2016. One source tells Nikkei that its peak season shipments will "not be able to compare to the past few years." From the report: Another source said that for Taiwan Semiconductor Manufacturing Company, the sole supplier for the latest A10 chips used in iPhone 7, its iPhone 6s and iPhone 7 chip shipments for the June to December period will likely shrink to 70%--80% of the level reached in the second half of 2015. More at: finance.yahoo.com o~~~ O

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