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Apple shares drop on iPhone suppliers’ warnings

CALIFORNIA: Apple Inc shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales. The Cupertino, California company’s signature product has become pricier with every new launch and analysts say that consumers, especially in emerging markets such as India, are ditching them for cheaper alternatives like those offered by China’s OnePlus. The company warned earlier this month that holiday sales would miss Wall Street expectations,…