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Saturday, 11 September 2021

Apple Loses $85 Billion Value After App Store Ruling



(Bloomberg) -- Apple Inc. shares suffered their steepest selloff in months on Friday after a federal judge ordered the company to change the way it operates its App Store, which would hurt the profitability of that business unit. The stock fell 3.3%, its biggest decline since May 4, erasing about $85 billion from the iPhone maker’s market capitalization. 

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