In only three months, Apple has squandered $452 billion in market capitalization, including tens of billions on Thursday as the tech giant’s stock sank what is more.
Apple shares have fallen by 39.1 percent since Oct. 3, when the stock hit a 52-week high of $233.47 a interest. With its market cap down to about $674 billion, those losses are larger than individual value of 496 associates of the S&P 500 — including Facebook and J.P. Morgan.
Microsoft, Amazon, Alphabet and Berkshire Hathaway are the only S&P 500 members with chunkier market caps than Apple’s loss since its recent high.
To put the Apple market value plunge in ambience, $446 billion is:
Apple gave a sudden warning to investors on Wednesday afternoon, lowering its fiscal first-quarter takings guidance. Wall Street reacted, with one analyst saying this will represent Apple’s “biggest lass in years” and another saying the company’s announcement “raises more questions than answers.” Apple CEO Tim Cook’s the classics to investors blamed a variety of factors for the guidance cut, including declining iPhone revenue and China’s weakening economy.
Apple variety closed Thursday trading down 10 percent at $142.19 a share.
– CNBC’s Chris Hayes contributed to this probe.
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