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The market capitalization of the iPhone manufacturer temporarily crossed $3 trillion in January, was $2.15 trillion at the close of trade on Tuesday, June 14, and was $2.19 trillion on Thursday, June 15. As a result, the corporation has lost more over $800 billion in market value, and its stock price has decreased by 24% since the start of the year. In May, Apple lost its title as the world's most valuable public business to Saudi Aramco.
Aside from the usual issues of the slowing economy, growing interest rates, and rising prices, the corporation has had to deal with a supply shortage created by anti-covid legislation in China. Supply interruptions, the company warned in April, may result in revenue losses of $4 billion to $8 billion in the current quarter.
FAANG (originally Facebook, now Meta Platforms, Apple, Amazon, Netflix, and Alphabet) were instances of two years of bull markets, with their values reaching historic highs.
Investors flocked to safer investments, causing the FAANG group's entire market value to plummet by $2.6 trillion this year. The value of Amazon's stock might fall below $1 trillion.
source: bloomberg.com
Aside from the usual issues of the slowing economy, growing interest rates, and rising prices, the corporation has had to deal with a supply shortage created by anti-covid legislation in China. Supply interruptions, the company warned in April, may result in revenue losses of $4 billion to $8 billion in the current quarter.
FAANG (originally Facebook, now Meta Platforms, Apple, Amazon, Netflix, and Alphabet) were instances of two years of bull markets, with their values reaching historic highs.
Investors flocked to safer investments, causing the FAANG group's entire market value to plummet by $2.6 trillion this year. The value of Amazon's stock might fall below $1 trillion.
source: bloomberg.com
