-Apple Inc's stock market value shrank sharply on Tuesday following its steep drop last year, leaving it below $2 trillion for the first time since March 2021.
Apple's shares declined 3.7% to $125.07 after Exane BNP Paribas analyst Jerome Ramel downgraded the company to"neutral" from"outperform," slashing his price target to $140 from $180, according to Refinitiv Eikon. reported, citing unnamed suppliers, that Apple has told suppliers to manufacture fewer parts for its ear buds, watches and laptops.Ramel cut his iPhone shipment targets for fiscal 2023 to 224 million units from 245 million units, reflecting supply chain issues from manufacturer Foxconn and consumers cutting back spending on high-end phones.), valued at about $1.8 trillion.
Welcome to Trillion $ MultipleCompression
1T coming in a couple of months. Won't be long as chart looks like $TSLA.
Same phone year after year and they expect people to pay £1200+ when it used to be £400-500 tops
No company is worth 2 trillion. People act like the sky is falling, but hell, this company was worth well north of 2 trillion, just thank about that? TWO TRILLION! GOOD JOB FED
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