Apple has quietly dropped 22% from its peak, giving up $500 billion in market cap

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The steep losses came as Apple's recent product event — its first in 2020 — didn't live up to the hype.

Tony Sacconaghi, senior research analyst at Bernstein, called the event "relatively underwhelming."

Apple's weakness in the past few weeks also came amid a broad sell-off in the tech sector as investors rotated out of the market-leading high-fliers. The tech-heavy Nasdaq Composite has plunged into correction territory, down more than 10% from its record high. Some investors believe the sell-off in the tech darlings comes from concerns over lofty valuations that have run up too far, too fast.

 

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Quietly? My portfolio doesn’t think it’s quiet!

It gained for non-reason. The Robbin hoods paid for it.

That’s ok!! I can buy it cheaper woohoo!!!

Money literally isn’t real

$TSLA

Anyone selling Apple here is a bonafide idiot

Where are the lefties complaining about this one?!

No one ever went broke buying AAPL pullbacks

Sneepdog85 now its time to buy!

Smart money loading up on AAPL puts for insurance as they start buying on this nice little dip? Also 20m retail/robinhoods buying puts— Gambling their ~100k stake that $AAPL goes lower. (Now that it’s lower 😅)

It shouldn't have gone up by that much in the first place.

Absolutely absurd market value data, it’s time for Wall Street’s financial monster to collapse!

Good, let a little bit of air out.

And the crazy chosen one says everything is well

nothing has changed w apple, after they did the stock split, this went up without any reason.

Dowjones has many bugs which gives sharp upside & sharp downside too , Nifty having Reliance which has biggest market cap than ever in listed intities. this is strength. Why Tech players can't established big uniform gaint which comes to support bullks ?

Because iphones suck!

Bye bye

Aka a bear market

This company has nothing to offer anymore except iBuyBacks...

Was that 500 billion redirected to another project?

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