Subrat Patnaik and Jeran WittensteinA steady slide in Apple shares pushed the iPhone maker’s market value below $2-trillion on Tuesday, the latest casualty in the tech stock rout.
Exactly a year ago, Apple’s shares briefly rallied to climb above $3-trillion in market value as the S&P 500 hit a record high. Another Apple supplier, Murata Manufacturing, added a note of pessimism last month. The company said it expected the tech giant to reduce iPhone 14 production plans further in the coming months. The iPhone accounts for about half of Apple’s revenue.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple’s market value falls slips below $2-trillion amid tech stock routIPhone maker's fall from $3-trillion a year ago driven by fears over production problems in China
Source: BDliveSA - 🏆 12. / 63 Read more »