After halting stock tradingyesterday to announce a revenue projection reduction of about $9 billion,Watch Sexy Assassins (2012) Apple stock opened on Thursday at $144. It was around a $14 drop from its already plummeting price when the markets closed on Wednesday.
Now, Apple stock is at its lowest price in about a year and a half. Its current stock price knocks the iPhone-maker down to the fourth most valuable company behind Microsoft, Amazon and Google.
The Cupertino, Calif.-based tech giant’s market value now sits at about $57 billion less than it did before CEO Tim Cook’s letter to investorsyesterday.
Cook’s letter placed the blame for Apple’s lowered projections on a number of factorssuch as fewer than expected iPhone sales, trade wars with China, and even its own iPhone battery replacement program.
SEE ALSO: It's official: iPhones are too expensiveApple’s negative forecasts didn’t occur in a bubble either. As Business Insiderpoints out, Apple suppliers were also hit hard by the company’s news. AMS, the Austrian company that manufactures the iPhone X’s facial recognition sensors took the brunt of the domino effect, having lost about 20 percent of its market cap.
Since becoming the first trillion dollar companylast year, Apple has experienced a continuous slidedownward in market value. The company has lost around $450 billion since hitting its peak of $1.1 trillion. According to CNBC, Apple looks to be headed for its biggest single day loss in six years.
Topics Apple iPhone
Where the infrastructure bill's $7.5 billion for EV charging is needed mostMolly Ringwald on 'The Breakfast Club' and how to watch films nowTaylor Swift's 'Red (Taylor's Version)' lyric videos, rankedBroadway musical 'Diana' is a royal mess: Review‘Red Notice’ plays like ‘Blue’s Clues’ for grown'The Simpsons' response to Apu shows they never understood the problemBald eagle forgets handler and lands on Mariners pitcher James Paxton insteadOprah and Lizzo singing along to Adele is pure joyViral TikTok uses data to show the workload of parental leaveOprah and Lizzo singing along to Adele is pure joyHow will supply chain issues affect Black Friday this year? Experts weigh in.'Mr. Zuckerberg' explains the internet to elderly senatorsSesame Street will debut the first Asian American muppet in Thanksgiving specialA BBC presenter fell in a swimming pool on live TV and took it like a champWatch in horror as Donald Trump's hair attempts another daring escape7 essential apps that will help you redecorate or redesign your houseMolly Ringwald on 'The Breakfast Club' and how to watch films nowHow to file a claim for a piece of TikTok's $92 million class action lawsuitInmate tweeting from jail calls himself an 'eGod' and threatens to swat againEverything to know about 'The Wheel of Time' before it premieres Pink will donate $500,000 to help Australia's firefighters Pray for the Cadbury social media manager who's frantically fending off trolls Big Bird flies into your stories with Sesame Street's first Snapchat filter Samsung's rolling robot Ballie is like your own personal BB Parents everywhere are freaking out about the electronics ban on flights U.S. to collect and store DNA from teenagers detained at the border Ricky Gervais brings up Jeffrey Epstein in Golden Globes monologue 'BBC dad' announces CNN interview with the perfect dad joke Amazon's Alexa will do your bidding from a Lamborghini sports car Here's a simple trick for getting over someone Jason Momoa, we see you wearing a tank top at the Golden Globes A teen made a website where kittens punch Trump. So, Trump unleashed his lawyers. It's OK to cancel plans. This meme says so. Airbnb is going all out to woo China, and even has a new Chinese name Michelle Obama to debut IGTV series about the first year of college Tom Hanks' Golden Globe speech made absolutely everyone cry Dell's flexible display concept hints at a bendy laptop future Turtle which needed surgery to remove a bellyful of coins has died Samsung's new 8K TV is all screen and no bezel Lyft is being mighty elusive about whether it'll finally come to Australia
1.4259s , 10112.21875 kb
Copyright © 2025 Powered by 【Watch Sexy Assassins (2012)】,Miracle Information Network