In a recent development, shares of Apple’s (NASDAQ:AAPL) suppliers took a hit following Barclays downgrade of the tech behemoth due to a potential decrease in product demand in 2024. What Happened: CNBC reported on Tuesday that the shares of suppliers associated with Apple in Asia experienced a drop after the Barclays downgrade. Taiwan Semiconductor Manufacturing Company (TSMC), a top-tier manufacturer of advanced processors for companies such as Apple and Nvidia (NASDAQ:NVDA), saw a more than 2% decline in shares during morning trading. Foxconn (OTC:HNHPF), a major Apple supplier and the worl…

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