Apple's market value falls below $2 trillion for the first time since 2021

📆 03/01/2023 17:53:00
📰 ChannelNewsAsia

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Apple 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

Apple 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.Exane BNP Paribas analyst Jerome Ramel downgraded Apple to"neutral" from"outperform" with a price target cut to $140 from $180, according to a report by thefly.com.

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