Apple's stock market value falls below US$2 trillion

Apple Inc's stock market value fell sharply on Tuesday following its steep drop last year, putting it on track to end below US$2 trillion for the first time since June 2021.

Apple's shares fell 4 per cent to US$124.60 after Exane BNP Paribas analyst Jerome Ramel downgraded the company to"neutral" from"outperform," slashing his price target to US$140 from US$180, according to Refinitiv Eikon. At Apple's current stock price, the company is worth US$1.98 trillion, just ahead of Microsoft Corp , currently valued at US$1.78 trillion.

"They tend to skew to the high-end consumer device customer but even that demographic might be being affected by the high price of everything," Bokeh Capital Partners' Kim Forrest said.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Apple's market value falls below US$2 trillion for the first time since 2021Apple's market capitalisation slipped below US$2 trillion on the first trading of 2023 as its stock fell nearly 4 per cent following a rating downgrade due to production disruption in China. Apple was the first company to hit US$3 trillion in market value on Jan 3 last year. Exane BNP Paribas ana
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »

Apple's market value falls below $2 trillion for the first time since 2021Apple Inc's market capitalization slipped below $2 trillion on the first trading of 2023 as its stock fell nearly 4 per cent following a rating downgrade due to production disruption in China.Apple was the first company to hit $3 trillion in market value on Jan. 3 last year.Exane BNP Paribas analys
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »