The market capitalization of the American company Apple last Tuesday fell below $2 trillion. This has not happened since the beginning of 2021.
What is known
In 2022, Apple became the first publictechnology company with a market capitalization of $3 trillion. As you understand, the Cupertino manufacturer lost $1 trillion in a year. This comes after the company's shares fell 4% on Tuesday.
Apple was no exception and also faced withproblems in the supply chain. In addition, at the end of 2022, quarantine restrictions in China negatively affected the largest enterprise Foxconn, where almost all iPhone 14 Pro / Pro Max smartphones are produced.
Apple's market capitalization fell by 31%.On a percentage basis, other companies in the technology sector lost even more over the year. In particular, Amazon and Meta shares fell in price by 50% and 63%, respectively. At the same time, Apple became the second company after Amazon to lose $1 trillion in capitalization.