Apple Loses Record $463 Billion In Market Cap In Three Months
Mike (Mish) Shedlock | Jan 04, 2019 12:38AM ET
Apple (NASDAQ:AAPL) set a record that will take a long time to beat. The first $ trillion company lost nearly half that in 3 months.
On, August 2, Apple became the World's First Trillion-Dollar Company at $207.05 per share. Hooray!
On October 3, Apple had a peak market cap of about $1.138 trillion.
Today, Apple's market cap is about $675 billion. That's a record market cap loss of $463 billion in three short months.
Expect more stories similar to this, but this may be hard to top. Amazon (NASDAQ:AMZN) has a chance but it needs a big disaster soon.
by Mike "Mish" Shedlock
Original post
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