Apple Stock Slumps, Losing $177 Billion as Growth Concerns Mount
• Apple's stock has fallen over 5 straight days, its longest losing streak since October, erasing $177 billion in market value • The declines put Apple's position as world's most valuable public company at risk, with Microsoft now within $100 billion • Downgrades from analysts flagged weak iPhone demand in China and other pressures on Apple • Investors are selling winners like Apple and rotating into cheaper stocks to start 2023 • Potential antitrust case from U.S. Justice Dept adds to issues like slowing iPhone sales and Apple Watch patent problems