2017.09.2523:51:00UTC+00Apple Shares Slide, Hover Near Correction Territory

Apple Inc. shares declined during the session and trifled with correction territory after a report that the tech giant had advised suppliers to reduce exports of parts for its upcoming flagship phone, the iPhone X.

Citing unnamed sources, Digitimes reported that Apple suppliers were shipping just around 40 percent of the parts originally ordered for the iPhone X, which will be available to the market in early November.

The report added to worries by analysts regarding the demand for Apple's new line of devices following the launch of iPhone 8, considered to be a less expensive model compared to the premium iPhone X, attracted less people than prior launches.

Amid a broad selloff in tech shares on Monday, Apple's stock ended down 0.9 percent. Earlier in the session, it declined by as much as 1.8 percent, bringing its loss since the last record high hit on September 1 to 9 percent.