Technology
Apple has quietly dropped 22% from its peak, giving up $500 billion in market cap – CNBC
The steep losses came as Apple’s recent product event — its first in 2020 — didn’t live up to the hype.
Well, that was fast.
It took just 12 trading sessions for Apple to plunge more than 20% from its all-time high, shedding more than half a trillion in market capitalization.
The tech giant has plunged 22.6% from its intraday record high of $137.98 from Sept. 2, losing around $532 billion in market value. Apple’s fast and furious decline followed its massive run-up in August ahead of its 4-for-1 stock split, while the steep losses also came as Apple’s recent product event its first in 2020 didn…
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