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Apple CEO Tim Cook poses with the all-new iPhone 12 Pro at Apple Park in Cupertino, California. Credit: Reuters
Apple shares tumbled Tuesday despite the company's unveiling of a new iPhone model that is the first to be used on ultra-fast 5G networks.
After a big rally Monday, Apple shares were already under pressure early Tuesday prior to the launch event in the afternoon. Near 1830 GMT, Apple was down 2.5 per cent at $121.27 after getting as low as $119.65 moments earlier.
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