Apple shares dropped more than 2% on Tuesday amid growing concern over the impact of the latest protests in China over the country's strict zero-COVID policy.
According to analysts, total iPhone 14 Pro and 14 Pro Max shipments in 4Q22 will be 15-20 million units lower than expected. In addition, Apple's supply chain could be affected due to the protests at the Zhengzhou plant.
At 1:51 pm ET, shares of Apple fell 2.27% to sell for $140.95.
