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

📆 4/1/2023 5:07 AM
📰 ChannelNewsAsia

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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. Apple was the first company to hit US$3 trillion in market value on Jan 3 last year. Exane BNP Paribas ana

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.

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