Apple shares are close to key support. Breaking below $217 would bring $208 into play, according to technical stock market analysts.

Apple already had a rough start to the year. More worries about how its latest iPhones are selling aren’t helpi

Apple (AAPL), and the stock has lost over 11% so far, extending its drawdown from all-time highs to over 14%. It also lost its status as the world’s largest company to Nvidia (NVDA), whose share have looked unstoppable over the last few years.

Putting valuations on publicly traded companies is tricky because so much is tied to stock prices -- and stock prices are influenced by many things a company can't control, such as the economy,

Apple is known for selling popular hardware devices. The iPhone, which today represents about half of overall sales, even though it's a product in its 16th iteration, still essentially drives financial performance. However, the company has also developed and found smashing success with the MacBook, iPad, AirPods, and Watch.