Apple shares drop to 2-Year low

posted on: May 14, 2016 10:51AM


 


Apple Inc.'s stock tumbled to a near two-year low. It dropped below $90 for the first time since 2014. That was enough to lose the title of the world's largest company to Google parent Alphabet, whose shares lost just 0.3 percent. Faced with lackluster sales of smartphones in the United States, Apple has bet on China as a major new growth engine. But progress there has been disappointing.

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