LAST SUMMER the market value of Apple passed $1trn, a first for any publicly traded Western company. It did not stay there for long. In November it passed the $1trn mark again, travelling in the other direction. Last week Tim Cook, the smartphone maker's boss, cut revenue forecasts for the first time in over a decade. Apple's shares plunged a further 10% on the news, dragging the world's jittery stockmarkets down with them. Mr Cook blamed the firm's woes on an economic slowdown in China, which a...
LAST SUMMER the market value of Apple passed $1trn, a first for any publicly traded Western company. It did not stay there for long. In November it passed the $1trn mark again, travelling in the other direction. Last week Tim Cook, the smartphone maker's boss, cut revenue forecasts for the first time in over a decade. Apple's shares plunged a further 10% on the news, dragging the world's jittery stockmarkets down with them. Mr Cook blamed the firm's woes on an economic slowdown in China, which a...
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