Apple slumps below $3 trillion market value as stock slides

Apple’s market value has slumped below the historic $3 trillion level after the company’s outlook for the fourth quarter sparked “worries” (from stock manipulators, charlatans, abject morons, and the like).

Apple slumps below $3 trillion market value as stock slides
iPhone News
05-08-2023 14:19

Apple posted its third straight quarter of declining sales late on Thursday, and predicted a similar performance in the current period.

Apple in June became the first company with a $3 trillion value. The shares have gained 47% this year through Thursday amid a broad tech rally on investor hopes that the development of artificial intelligence could provide a fresh boost to growth.

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