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.