Short sellers cash in Apple bets as stock declines


Many short sellers appear to have unwound their bets against Apple this week, and a 6 percent fall in the stock price suggests they made money as investor worries about the company countered a record launch of its newest iPhone. The relentless ascent of Apple Inc's stock since it debuted its first smartphone in 2007 has made it unpopular for most short sellers. On Thursday, Apple was down 2.2 percent at $107.83 on a report that chip suppliers were concerned the iPhone maker would cut chip orders for the fourth quarter.

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