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Home / Technology / Apple's value falls off more than Facebook's whole value

Apple's value falls off more than Facebook's whole value




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Thursday was called the "darkest day" for Apple under Tim Cook. Now the bigger picture from the end of 2018 is on its way up, and it is also fantastic. CNBC reports that in the three months since October 3, Apple's market capital losses have reached $ 452 billion, while the Apple stock fell almost 40 percent over the same period. This loss on the market is more than the individual value of Facebook – and of each of 495 other companies in the S & P 500. The loss is more than three times greater than the value of McDonalds, more than five times as much as Costco, and more than 1

0 times the value of Raytheon.

Only four companies, Microsoft, Amazon, Berkshire Hathaway and Alphabet, can today claim larger market caps than Apple's losses. Yet, financial advisers tell clients who hold Apple stock to hang out there, while some claim the company's current woes are mainly in China, per Business Insider. Despite the slowdown in iPhone sales, we still expect Apple to continue to grow its installation base and believe the company's ecosystem will continue to grow, especially for higher margin services and other products, an analyst says. (An Apple rival unintentionally exclaimed iPhone.)

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