Apple again loses $2 trillion market valuation
Apple has again lost its $2 trillion market capitalization, with AAPL share prices closing at $112.82 at end of trading on Tuesday.
Apple again loses $2 trillion market valuation.
The sub-$2 trillion valuation comes just a few days after Apple recovered from a similar plunge on Sept. 3. During a widespread tech industry sell-off, Apple bled nearly $180 billion in market capitalization -- the worst one-day loss for any company ever.
AAPL's closing price of $112.82 results in a market valuation of $1.96 trillion. That's reached by multiplying the share price by the number of outstanding shares.
Apple's stock was down 6.73% on the day after the closing bell Tuesday.
The Cupertino tech giant in August became the first publicly traded U.S. company to hit a $2 trillion valuation. Since that day, Aug. 19, Apple's share prices have dropped 2.5%.
Apple's current share price has been readjusted due to the recently completed four-for-one stock split on Aug. 31. The split gave each shareholder three additional shares for every one held, each at 25% of their original value.
Apple again loses $2 trillion market valuation.
The sub-$2 trillion valuation comes just a few days after Apple recovered from a similar plunge on Sept. 3. During a widespread tech industry sell-off, Apple bled nearly $180 billion in market capitalization -- the worst one-day loss for any company ever.
AAPL's closing price of $112.82 results in a market valuation of $1.96 trillion. That's reached by multiplying the share price by the number of outstanding shares.
Apple's stock was down 6.73% on the day after the closing bell Tuesday.
The Cupertino tech giant in August became the first publicly traded U.S. company to hit a $2 trillion valuation. Since that day, Aug. 19, Apple's share prices have dropped 2.5%.
Apple's current share price has been readjusted due to the recently completed four-for-one stock split on Aug. 31. The split gave each shareholder three additional shares for every one held, each at 25% of their original value.
Comments
Ahh... you gotta love the Wall Street Casino!
PE is irrelevant look at Netflix, Amazon, Chipotle and Tesla just to name a few. Apple at 30 to 40 PE is a bargain.
the better question to you is why was apple's market cap ever worth $2.25 trillion dollars in the first place?
Doesn't get any more rational than that.
Ahh... you gotta love the people who comment about things they know nothing about!
See post 7.
I wish I could filter out every single Wall Street “news” article from *every* news entity and aggregator everywhere. I’m sick of hearing about the damned casino that is the stock market, and sick of the influence it has over economies and the perception of economies.
It’s a pile of gambling BS, especially for the wealthy and the privileged, and has nothing whatsoever to do with representing how the average person is doing while living in the real world.
Yes, I once had a 401K. No, don’t tell me about your personal investment portfolios and how they helped you “grow your wealth”.
I think it has lots to do with news stories, whether about tech, Apple, or just the state of the world... whether accurate or not.
I'm never seen much rationality in the markets.
Why were they suddenly wanting to sell (and others suddenly not wanting to buy)?
As an aside, that's not my uninformed opinion. I borrowed that from a friend who does *play* the markets quite a bit and while I'm not sure if he's an expert, knows quite a bit about them (uses special analysis software, etc.). He says that if the markets were intended to be investments, the rules would be different.
That said, I do know a bit about economics. It's a social science, but often gets mistaken for a branch of the formal sciences. I think that's more what's going on in this case as well. If you want to know why Apple is changing in valuation so rapidly, it's mostly about understanding human behavior.
The problem is that it actually has real world impacts on companies in the markets. Maybe not quite so much now at Apple's scale.