Watchers wonder if Apple has lost its magic


People look at smartphones at the Apple store in Tokyo, Japan April 19, 2016. REUTERS/Thomas Peter

SAN FRANCISCO: Is Apple facing a rare, simple pause in growth in a tough global economy or has it lost its magic for dreaming up must-have new gadgets like the iPhone? 

The question was front-of-mind April 27 on Wall Street, where shares in the California-based company fell more than 6% to US$97.82 (RM381.30) by the official close of trading on the Nasdaq exchange. 

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