Are people falling out of love with Apple’s iPhones?

Around £35bn wiped off tech giant’s market value in single day

iPhone XR
The iPhone XR has not sold as well as expected
(Image credit: AFP/Getty Images)

Shares in Apple fell by 5% on Monday as two of the tech giant’s suppliers downgraded their profit expectations following poor iPhone sales.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More