Apple’s Stock Now Is At Frenzied Levels Seen After 2007 IPhone Launch. Think Different This Time?

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