Apple Lost 154 Billion Dollars in Value in Just 1 Day
Apple's stock started to fall unexpectedly. Naturally, Apple's market capitalization has plummeted. So what happened that only 1 week after the iPhone 14 launch, Apple shares started to decline?
US-based technology giant Apple, which has been on the agenda for a while due to the iPhone 14 event on September 7, is now on the agenda with its stock values. Because the company's stocks are unexpectedly declining, which of course affects investors. Let's take a look at the latest situation in Apple's stocks.
At the time of writing, Apple stocks are trading at $153.50. This value was around 160 dollars only 24 hours ago. In other words, Apple's stocks have lost around 6 percent in value. If you think these numbers are small, you are wrong. So much so that the decline in stocks has reduced Apple's market value by tens of billions of dollars.
Apple's market capitalization was recorded as 2.63 trillion dollars before the sharp decline. The sudden drop reduced the company's market capitalization to 2.47 trillion dollars. When we interpret all this; We see that the balance sheet of the last 24 hours to Apple is at the level of 154 billion dollars. The direction in which the graph will continue is a matter of curiosity for the moment...
The incident did not only affect Apple. For example; Berkshire Hathaway, Apple's largest individual investor, owns 895 million lots of Apple stock. In other words, 5.6 percent of Apple is in the hands of Berkshire Hathaway. Moreover, a very serious 40 percent of Berkshire Hathaway's assets consist of Apple shares. The decline in Apple's stocks hit this investment fund the hardest. The company lost exactly 9 billion dollars due to its share in Apple...
Apple's loss of 154 billion dollars in value in just one day was a situation that went down in the history of the US stock market. So much so that this drop was the 6th largest in US stock market history. So who was at the top of the list?
Facebook, which changed its name to Meta, lost 251 billion dollars in value in just one day in February. This depreciation was the biggest in the history of the US stock market. The company that followed Meta was Amazon with a loss of 206 billion dollars. The name behind Apple, which followed Amazon in the past, was Microsoft. The company had lost 178 billion dollars in value in March 2020.
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