Shares of Apple (NASDAQ: AAPL) fell sharply on Monday, dropping as much as 7.6%. As of 11:41 a.m. EST, however, this decline had moderated some; the stock was down 4.5%.
The move lower was fueled by coronavirus fears. Over the weekend, concerns about COVID-19's impact on the global economy grew as the respiratory illness spread to South Korea and Italy.
Apple CEO Tim Cook. Image source: Apple.
Source Fool.com