Apple lost the status of $1 trillion status as a result of coronavirus
Apple lost the $1 trillion market value
With the continuation of the coronavirus pandemic, Apple with the rest of the market are seeing more declines. Apple stock dropped by 3%, this put the compani below the $1 trillion valuation.
Just after the markets opened we saw Apple and the majority of the stocks took another hit as the pandemic of coronavirus spreads.
At the time of writing, AAPL is hovering around the $220 mark, which is the value we saw Apple stock at in October of last year. That’s coming from a high of $327 just last month (which also happens to be the 52-week high).
Apple at the moment of writing is at $225 mark, wich is the value Apple stocks had in October of last year. Just a month ago Apple was hovering arround the $300 mark.
The curent stock prices puts Apple value at arround $970 bilion, this makes Microsoft the only company holding the trilion dollar valutaion.