Apple's market valuation falls below $2 trillion as shares plummet 3%

Apple's market shares dropped over three percent during Tuesday trading, leaving the tech giant's valuation below $2trillion for the first time since the spring.

The manufacturer's shares were down 3.74 percent, leaving the company at a share value of $130.20 and an overall valuation at $1.99trillion. The drop left the company at a 12-month valuation low on the first day of 2023 trading.

Tuesday's decline came after a difficult holiday season for Apple, which saw shipments bogged down by COVID restrictions at its main iPhone manufacturing factory in .

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