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Apple shares slide as tariff woes prompt cut in buyback program

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Apple's shares declined by 5% following a $10 billion reduction in its stock buyback program and a $900 million cost impact due to US-China trade tensions. CEO Tim Cook cited uncertainties from US tariff policies as the reason for this cautious approach. Despite narrowly beating revenue expectations, Apple forecasts modest growth and is diversifying its supply chain away from China.

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