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Apple falls into 'bear market' on iPhone sales concerns

Apple stock slumped, entering bear market territory Thursday as key supplier Qualcomm stumbled.

Apple shares were down just over 1 percent at $105.97 Thursday, 21 percent below the 52-week high of $134.54 from April 28, 2015. A bear market is considered to be a decline of 20 percent from recent highs.

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Qualcomm, maker of the popular Snapdragon mobile processors, posted better-than-expected earnings...