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Apple market cap falls back below $3 trillion

  • Apple stock dropped nearly 4% on Wednesday, pushing the iPhone maker’s market capitalization below $3 trillion.
  • Tariff concerns continue to pressure the company, erasing gains from what analysts described as a 'relief rally' earlier in the week.
  • Concerns arise as Apple becomes harder to avoid the crossfire between the US and China due to tariffs and restrictions.
  • Apple remains the world’s most valuable company, ahead of Microsoft.

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