"Apple's Stock Tumbles 4% Post-iPhone 16 Speculation and Barclays Downgrade"

Apple's stock value plummeted by 4%, erasing over $100 billion in market capitalization, following a downgrade by Barclays to "underweight" due to concerns over slowing sales of iPhones, Macs, and iPads. This significant drop in market value, which is more than the combined worth of Ford and GM, reflects investor caution amid higher interest rates and a slowing economy, which may affect consumer spending on technology. Despite a nearly 50% rise in stock value in 2023, Apple's performance was overshadowed by other Big Tech companies and concerns about the impact of China's economic slowdown on sales.