Major tech stocks are inching closer toward correction territory, defined as a decline of 10% or more from July highs. Over the past month, tech giants like Apple (AAPL), have seen share prices fall significantly. Yahoo Finance's Jared Blikre explains the downward trend seen in the technology sector. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Shares of Apple (NASDAQ: AAPL) have been under pressure of late on account of multiple factors, such as reports of a ban by Chinese state-owned enterprises on the use of iPhones by their employees, weak consumer demand for smartphones, and rumors that the iPhone maker may run into supply chain challenges that could force it to reduce the number of smartphones it builds this year. Apple stock retreated nearly 2% after the launch event. With all the headwinds that Apple is facing right now, should investors consider booking their profits before the stock slides further?
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