Apple shares sink 3% overnight, market value falls through $2 trillion for first time in nearly two years
By 4 Jan,2023
Apple shares sank 3% overnight to $125.07 as investors' concerns about iPhone supply intensified, sending its market value below $2 trillion for the first time since March 2021.
Previously, Apple's market value once reached $3 trillion.
Recently, BNP Paribas analyst Jerome Ramel downgraded Apple's rating from "outperform" to "neutral" and lowered the price target from $180 to $140.
OTHER NEWS
-
- Nov. 14 financial breakfast: look to the Fed to slow the pace of interest rate hikes, the dollar weakens, gold prices hit a nearly three-month high
- By 14 Nov,2022
-
- Good for the dollar! KPMG says US wage growth strong in November, Fed may reconsider 75 bps rate hike in December
- By 5 Dec,2022
-
- European aluminum industry trembling under the energy crisis, part of the capacity fears a return
- By 5 Sep,2022
-
- Jefferies: Investors overreact to Musk becoming Twitter's largest shareholder, reiterates "hold" rating
- By 6 Apr,2022
-
- It's not just the U.S.! Soaring Gasoline Prices Are Crushing Families Worldwide Brazilians Need 33% of Their Wages for One Tank of Gas
- By 31 May,2022
-
- August 29 financial breakfast: the dollar benefits from Powell to maintain a hawkish tone, most of the issues in the Iran nuclear deal negotiations have been resolved
- By 29 Aug,2022