Apple stock is having an awful August, now in correction

A correction is often defined as a decline of at least 10% in a stock price or market from a peak.

The pullback in Apple reflects several factors, experts say.
First and foremost is the increasing economic pressure in China that unfolded in August.
Fears on the health of over-leveraged property developers, a slow-to-act Chinese government on the yawning crisis, and a sagging stock market have clouded the outlook for Apple product demand.