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Apple's shares of the film are still in the process of being cut off.
The stock fell for a third straight session, dropping almost 5 percent and dragging the technology down with it.
By lunchtime in New York, Apple shares were trading at about $ 196 ($ 174.40), compared with a peak of $ 232 each.
The latest leg down means Apple has now lost about $ 190 trillion ($ 169 trillion) of market capitalization since its high, more than the entire market value of US companies including Walt Disney, PepsiCo and McDonald's. Just on Monday, Apple shed more than $ 40 billion ($ 35.5 billion) of market value.
The information technology sector of the S & P 500 was more than 3 per cent, over the US equity market index.
"Apple is a bellwether," said Randy Frederick, vice president of trading and derivatives at Schwab. "Whenever Apple appears to be struggling – for whatever reason – there is the perception that it will impact other tech companies as well. It may be true, but that is the perception. "
3D sensors
The latest slide comes after Lumentum Holdings, a supplier of 3D sensors that power the face recognition technology on Apple's latest iPhones, unexpectedly cuts its outlook for its second-quarter fiscal.
"We have heard from a large number of manufacturers of laser diodes for 3D sensing," Alan Lowe said. , president and chief executive.
While Lumentum did not identify Apple as a customer, the warning came just after Japan Display, one of the main suppliers of liquid crystal display iPhone (LCD) screens, also cut its full-year guidance, quoting "volatile customer demand" .
Lumentum shares tumbled more than 30 per cent in New York trading, while Japan Display ended the day unchanged.
Heavy selling
Apple shares have the world's most important company.
The stock lost its $ 1tn-plus valuation at the beginning of the month after it was a disappointing outlook for the upcoming holiday season and it was reported that it would stop reporting iPhones, iPads and Macs.
That has been concerned that the demand for the company's smartphones may have peaked. Analysts at JPMorgan on Monday predicted year-on-year declines in Apple's smartphone shipments in both 2018 and 2019.
Lumentum is viewed as a leading indicator of Apple's higher-priced iPhones because it supplies 3D sensors that are used in the Face ID system. Face ID was introduced in the iPhone last year, including the new iPad Pro unveiled last month.
However, Huawei does not have any other smartphone, such as Huawei, which could account for its warning. The smartphone market is being reduced by consumers in China, while Apple is also pointing to a weakening in India, Russia and Turkey.
Chipmakers
Chipmakers were also under pressure on Monday after senior executives at the Infineon Technologies semiconductor group gave indications of a sector-wide slowdown.
Commenting on the company's full-year results for the year to September, Reinhard Ploss, chief executive, said Infineon faced a "challenging" market, and that revenue growth would be at least 9 per cent, a downgrade from previous guidance of growth. of at least 10 per cent.
Shares of Infineon were down 7.8 per cent in Europe while in the US, Advanced Micro Devices was more than 8 per cent in lunchtime trading, Nvidia was down 7 per cent and Intel was off 2 per cent.
"How about one chipmaker would spill over into any chipmaker," Mr Frederick at Schwab said. "The chipmakers are, among tech, a group that moves in tandem because it is somewhat of a commodity product." – Copyright The Financial Times Limited 2018
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