Apple shares fall as Big Tech sell-off continues 

Production halts in a major iPhone plant in China contributed to a supply shortfall of Apple’s flagship product. 

Apple shares touched their lowest level since June in 2021, amid an ongoing selloff of big-tech stocks amplified by concerns over iPhone supply during this key sales period.

The shares fell 1.4% at one stage even as Apple remains a relative outperformer for 2022, with a 27% decline that is narrower than the 33% drop for the Nasdaq 100 market index as a whole. In the past month, it has lagged the index.