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@ 2023/01/06Shares falling as cash cow stuck
Apple shares fell more than three per cent trading giving the iPhone maker a market capitalisation under $2 trillion for the first time since May.
Apple fell $3.74 per cent to a price of $130.20 per share, a 52-week low, giving the company a valuation of $1.99 trillion at market close.
What is significant about all this is that the Tame Apple Press cheered when the company hit a $2 trillion valuation in August 2020, as the pandemic boosted its sales of computers and phones for remote work and school. It briefly hit a market value of over $3 trillion during trading in January 2022 and since then, has slid back.
Apple shares fell more than three per cent trading giving the iPhone maker a market capitalisation under $2 trillion for the first time since May.
Apple fell $3.74 per cent to a price of $130.20 per share, a 52-week low, giving the company a valuation of $1.99 trillion at market close.
What is significant about all this is that the Tame Apple Press cheered when the company hit a $2 trillion valuation in August 2020, as the pandemic boosted its sales of computers and phones for remote work and school. It briefly hit a market value of over $3 trillion during trading in January 2022 and since then, has slid back.
