USA Today: Apple shares fell significantly for the second day Tuesday — bringing investors’ paper losses to staggering levels and putting the stock further into correction territory. Shares of Apple finished down $3.80, or 3.2%, to $114.64 in regular trading, meaning they’ve fallen more than 14% since hitting their high of $134.54 on April 28. Given the massive size of Apple’s market value, this sell off is enormous in that it has wiped out $113 billion in paper wealth. Investors are fretting over evidence that competition is heating up for smartphones in China, which is seen as the last big market of growth for the company. Meanwhile, in the U.S. smartphones are already saturated.