Apple’s Stock Now Is At Frenzied Levels Seen After 2007 IPhone Launch. Think Different This Time?
- Date: 07-Sep-2020
- Source: Forbes
- Sector:Technology
- Country:GCC
Apple’s Stock Now Is At Frenzied Levels Seen After 2007 IPhone Launch. Think Different This Time?
HONG KONG, CHINA - 2020/08/09: American multinational technology company Apple store and logo seen ... [+] in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
[9/8/2020] Putting Apple's
AAPL
$180 Billion Decline Into Perspective
Apple's (NASDAQ: AAPL) market cap declined by a whopping $180 billion on Thursday, after the stock fell by 8% to about $121 per share due to the broader technology-led sell-off. For perspective, Apple's single-day drop is more than the market cap of oil behemoth Exxon Mobil
XOM
, more than Nike
NKE
, and almost as much as American Express