Apple lost 450 billion in capitalization since the September ATH
The market value of Apple technology giant has fallen by about 450 billion dollars since a record level in early September, partly due to investor concerns about disappointing sales of iPhones. On Friday, many more billions went up in smoke after disappointing quarterly figures from Apple.
In August, Apple went through the $ 2 trillion stock market limit, and in early September, a record score was tapped. But since then, the stock has fallen considerably. On Friday, there was a further 5.6% price loss, reducing Apple’s value by over 120 billion dollars in one day. The technology company came in on Thursday with sales figures from iPhones that were disappointing and gave no prospects for the holiday season.
Apple’s value now stands at approximately $ 1.85 billion, making it still the most valuable American company.