-Apple Inc's stock market value shrank sharply on Tuesday following its steep drop last year, leaving it below $2 trillion for the first time since March 2021.
Apple's shares declined 3.7% to $125.07 after Exane BNP Paribas analyst Jerome Ramel downgraded the company to"neutral" from"outperform," slashing his price target to $140 from $180, according to Refinitiv Eikon. reported, citing unnamed suppliers, that Apple has told suppliers to manufacture fewer parts for its ear buds, watches and laptops.Ramel cut his iPhone shipment targets for fiscal 2023 to 224 million units from 245 million units, reflecting supply chain issues from manufacturer Foxconn and consumers cutting back spending on high-end phones.), valued at about $1.8 trillion.
Welcome to Trillion $ MultipleCompression
1T coming in a couple of months. Won't be long as chart looks like $TSLA.
Same phone year after year and they expect people to pay £1200+ when it used to be £400-500 tops
No company is worth 2 trillion. People act like the sky is falling, but hell, this company was worth well north of 2 trillion, just thank about that? TWO TRILLION! GOOD JOB FED
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Apple and Amazon lost a 'staggering' $800 billion in market cap in 2022. Here's what that looks likeThe value of the two companies' losses dwarf other well-known tech names. And yet they are still overvalued by many x’s over. The two stocks were the biggest losers of market cap in 2022. Apple shed $846.34 billion in value and Amazon lost $834.06 billion. Market cap measures the combined value of all of a company’s stock. King Biden says every thing is fine and he has created a bazillion jobs so none of us understand what a genius he is.
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Apple's stock market value falls below $2 trillionApple Inc's stock market value fell sharply on Tuesday following its steep drop last year, putting it on track to end below $2 trillion for the first time since June 2021. Now they ll launch another iPhone with old features but more expensive 😂 It’s still overpriced and not done falling! Out of date article.
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