The iPhone maker is facing headwinds from regulators in both the EU and Beijing, and on Thursday shares dropped another 3.2%.
Apple stock has shed roughly $191 billion from its market capitalization over the last two days amid moves from regulators in China and Europe.
Shares declined as much as 5.1% on Thursday before paring some of its losses, sending the two-day loss to $242 billion at its low, according to data from YCharts.
The losses come after China banned iPhone use for government officials while at work, the Wall Street Journal reported on Wednesday.