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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

México Noticias Noticias

México Últimas Noticias,México Titulares

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. The sell-off comes a year after the iPhone maker became the first company to reach the US$3 trillion market capitalization milestone.

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.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 6. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

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
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »