Apple Shares Slump As Concerns Over Effect Of China Slowdown Mount

As China adjusts to what President Xi Jinping calls a "new normal" of more modest economic growth, U.S. tech giant Apple may be undergoing a similar transition, at least for now. The company has endured an unpleasant few weeks. Its stock has dropped 14 percent since July 20, when it announced third-quarter earnings that failed to live up to Wall Street's high expectations. It has also endured three five-day losing streaks in the past month, raising the specter of 2012, when its stock price crumb...