Before 3 months, Apple was one of the highest revenue company in the world.
But, since October 2018 almost $450 billion has been wiped out from its value.
It will shock you that the amount is more than the market cap of Facebook.
According to Forbes,
Apple has issued a warning note to investors ahead of its quarterly earnings call on January 29th. The key item of note is that revenue estimates are down from the projected $93 billion.
Apple CEO Tim Cook writes,
According to Business Insider South Africa,
Just three short months ago, Apple was on a high as the most valuable company in the world.
But since Apple hit a peak of $232.07 a share on October 3, giving it a market cap of $1.12 trillion, it has dropped to $142.19 as of Thursday’s close, wiping $446 billion from its value. Its market cap stood at $674.75 billion on Thursday.
Apple last three-month earning chart will also make your belief strong about this news.