Apple's Market Valuation Drops Below $2 Trillion as Stock Price Continues to Fall

Apple shares are down around 4% today, resulting in the company's valuation falling below $2 trillion for the first time since 2021. Apple's stock is at its lowest price since June 2021 as concerns mount about iPhone supply constraints in China and weakening demand for its products due to persistently high inflation and a looming recession. While the stock market has experienced a broader downturn, the Financial Times today reported that Apple has fared better than some of its peers, losing 27% ...