Apple shares fall over 3% after 1st 5G iPhone 12 launch
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Shares of Apple tumbled over 3 per cent on Tuesday at a time when the tech-giant unveiled its new iPhone model that is the first to be used on ultra-fast 5G networks. The fall in the share erased USD 77 billion worth of stock market value, and closed down 2.7%. Apple said all iPhone 12 models in the United States will support millimeter wave 5G, the fastest variant of the technology, as well as lower-frequency bands.