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