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Apple's share price fell almost 8 percent from Aug 1 to the market close on Aug 5. In the same period, Facebook fell 6.5 percent, Alphabet (Google's holding company) 5.5 percent, Amazon 5.7 percent, Microsoft 4.2 percent, and Netflix 4.2 percent.

Arcfox conducts technical validation at a lab Daimler built with BAIC, which is also its partner that locally produces Mercedes-Benz models. Chinese technology giant Huawei will provide connectivity and 5G-related solutions in Arcfox models.

Apple said its services division, which includes iCloud, the App Store and Apple Pay, saw revenue advance to .9 billion, up 19 percent over the prior year. The company said China's move to pause approving new games for the App Store last year is affecting revenue in the segment.

Argentina reports start of downward curve in COVID-19 cases - World - Chinadaily.com.cn

Apple, also a contender for the most valuable company, went down to 701.99 billion dollars in market value. Its stock price hit 52-week low last week after the company issued lower guidance for the fiscal 2019 first quarter.