Apple Lost $1 Trillion, its market value fell below $2 trillion in trading for the first time since the start of 2021 and one year to the day. Shares of Apple down nearly 4% after a report raised concerns about consumer demand for its products.
Apple did not immediately respond to a request for comment. Apple’s market value has fallen which also affects other big tech companies, which have also suffered huge percentage declines. Shares of Amazon and Facebook-parent Meta are down by about 50% and 63%, respectively.
