Apple’s value drops as interest rates, supply woes and recession fears batter tech industry

In a stark contrast to the start of 2022, Apple began this year with $1trn (£829bn) wiped off its market value as tech companies face strong headwinds from higher interest rates, production problems and global economic concerns.

As a result of investors selling off shares, the tech giant’s market value fellow below $2tn (£1.65trn), when a year ago
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