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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines