Apple (AAPL) Weakens Mid-Day on Rumors

September 19, 2016 12:36 PM EDT

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Apple (NASDAQ: AAPL) midday weakness is being attributed to unconfirmed rumors iPhone 7 batteries are exploding similar to Samsung's problems.

After opening higher, shares of AAPL are now down 1%.

This morning, JP Morgan issued some cautious commentary, saying the positive reaction in shares based on early carrier iPhone pre-order data is premature.

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