Apple loses steam

Stefan Mileschin · 6th January 2023, 06:52

Shares 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.

https://fudzilla.com/news/56098-apple-loses-steam

6th January 2023, 06:52	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,812	Apple loses steam Shares 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. https://fudzilla.com/news/56098-apple-loses-steam

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