Apple Slides on Speculation of Lower iPhone 7 Sales Outside U.S.

Apple's iPhone 7 Plus.

Photographer: David Paul Morris/Bloomberg
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Shares of Apple Inc. slid Friday amid speculation that German research firm GfK issued a report suggesting iPhone 7 sales would be lower than last year, based on data in Europe and Asia.

Apple shares dropped as much as 2.7 percent as reports spread. The stock was trading down 1.6 percent at $112.80 at 3:11 p.m. in New York.