Just three months ago, Apple was on a high as the most valuable company in the world. But since October 2018, $450 billion has been wiped from its value. That's more than the entire value of Facebook.
Apple's stock has been in freefall since since its 52-week high in October, and the unexpected sales warning from CEO Tim Cook has sped up the decline.
The iPhone maker's share price fell by 9.96% on Thursday following a shock readjustment of its revenue forecast. Read more: Apple's brutal sales warning sparked a Wall Street debate on whether tech stocks will be dragged into a disastrous downturn
But since Apple hit a peak of $232.07 a share on October 3, giving it a market cap of $1.16 trillion, it has dropped to $142.19, wiping $450 billion from its value. Its market cap stood at $710.97 billion on Thursday, according to Macrotrends. Bloomberg pegs Apple's current market cap at $674.74 billion.
To put that into context, that $450 billion loss is significantly more than the value of Facebook, which is currently worth $383.76 billion, according to Macrotrends. It's also more than the GDP of some countries including Iran, Austria, and Norway.
Reminder to get bartering going in your community, secure farmers and water supply, and put up as many greenhouses as possible. Also carry a weapon at all times.
Jayden White
Man, you’re taking this Apple thing a bit hard, friend.
Brody Bennett
At. All. Times.
Aaron Kelly
Wow who would had guessed than a $1,000 phone with less features than other cheaper phones was not going to sell well
Noah Wright
Steve was the only one with good taste at apple. Now its just a white branded metal microsoft
Hunter Miller
ifag this, ifag that—man, I hate that company.
Noah Mitchell
It's a bit surprising actually. I thought apple fags would buy regardless.
Josiah Smith
THIS THIS THIS.
Fuck that gay yuppy overpriced botnet SHIT Apple shills now days. You know what was good? The really old original Apple computers. Those were good. I would never buy their crap now days ever!
My father had a Macintosh in the 90's. One of the hard drive arms snapped in half while using a simple text editor for some reason.
Dominic Mitchell
Even their parents had to run out of money eventually.
Luis Bell
Tim Cook hasn't done shit.
The social media bubble is rupturing as we type.
Smartgizmos aren't going to replace PCs until they put some out that actually behave like PCs instead of just being pocket video players hardwired to social media.
The original Apple sold its soul to become a meme company and the original cult of Mac uses Windows/Android now.
Hunter Gray
This, if you buy apple on these times you are literally a jew.
Matthew Bailey
The iphone X line has been a resounding failure, sales loses combined with the tech bubble pop we were currently experiencing (every tech company is massively overvalued) leads to exactly this. Apple shat the bed and now they have to sleep in it until they produce something of value
Isaac Bell
iShits don’t even have an sd port. What a retard company.
Michael Bailey
Buy our cloud storage, goyim. Buy all our proprietary peripherals and subscribe to our music streaming service. Buy movies from us. Get a job from one of our retailers and spend your earnings at the company store. Don’t you want to be the best, goy?
Lucas Ward
Apple outsource all that shit now. So I guess thats no longer relevant.
Noah Martin
give us your money
Caleb Phillips
Oy gevault, goy, we had to blacklist your belkin charging cable because it could be unsafe he he he.
Jayden Carter
Epic poetic justice. And then Tim Cock turns around and blames people that replace their older iPhones' batteries for the absolute state of Apple.
This is what peak jewry backfiring on a company looks like.
Thank god burger companies don't learn from eachother's mistakes.
Intel tried this shit and look where they're at.
Now Apple. Google, you cocksucking captcha pushing faggots are next.
Chase Adams
they think the new phone is cool, but are not excited to own one.
