Apple stock now officially in technical correction

Apple stock has now officially entered a technical correction which is defined as a decline of at least 10% in a stock price or market from a peak. Apple shares are down about 11% from its July 31st high of $196.45.Brian Sozzi for Yahoo Finance: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