Apple Down 3% Following Reports Of Less Demand For IPhone 14

Shares of IPhone maker Apple Inc. (AAPL) are down 3 percent on Wednesday continuing their downward trend since the past few days. Wednesday's decline can be attributed to reports that the company is backing off plans to increase production of its new iPhones this year as there is lesser demand for the new version.

Currently at $146.92, the stock has traded between $129.04 and $182.94 during the past 52 weeks.

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