Apple Inc. shares AAPL, -0.44% slid 1.5% in premarket trade Friday, after Instinet lowered its stock price target to $175 from $180 citing concerns about China trade tensions. "The renewal of China trade tensions are a likely near-term negative for Apple," analysts wrote in a note to clients. "We reduce our FY19 estimates out of trade caution.
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Apple shares suffer worst week of 2019 as investors fear China trade turmoil threatens iPhone growthApple shares have slid steadily amid tumultuous U.S. trade negotiations with China, as investors fear CEO Tim Cook's warning earlier this year about iPhone sales in China may yet come true.
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