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Apple’s capitalization has fallen below 2 trillion
2023.01.03 13:00
Apple’s capitalization has fallen below 2 trillion
Budrigannews.com – (NASDAQ:) Apple Inc. On the first day of trading in 2023, its stock fell nearly 4% as a result of a rating downgrade due to production disruptions in China. As a result, its market capitalization fell below $2 trillion.
On January 3 of last year, Apple became the first company to reach $3 trillion in market value.
BNP Paribas Exane (OTC:) According to a report published by thefly.com, analyst Jerome Ramel downgraded Apple to “neutral” from “outperform” and lowered the price target from $180 to $140.
At $124.65, the shares of the iPhone manufacturer were down about 4%.
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