Apple is no longer worth anywhere near one trillion dollars

“Apple was widely applauded for becoming the first American company to break the trillion dollar barrier,” Jack Schofield reports for ZDNet. “However, its value has slumped to $839bn for a variety of reasons, though other technology stocks have also suffered in a stock market reversal.”
“Apple’s value has fallen by more than $220 billion over the past few weeks,” Schofield reports. “The first publicly traded American company to reach a trillion-dollar market capitalization has seen its value tumble to around $839bn at the time of writing.”
“So far, the effects have not been terrible for long-term Apple shareholders,” Schofield reports. “The $176.78 price tag (see graph) is still higher than the $175 at which they started the year, and comfortably ahead of the 52-week low of $150. Five years ago, they were half that. Ten years ago, they were less than $5.”
Read more in the full article here.
MacDailyNews Take: Never has an overreaction cost so much on paper. $220+ billion!
This too shall pass. May you buy exactly on the low.
SEE ALSO:
Apple to lower iPhone XR pricing in Japan in order to boost sales – November 23, 2018
Why the bad news on Apple keeps on coming – November 23, 2018
In the darkest hour of Apple’s ‘white-knuckle period,’ some investors are loving it – November 21, 2018