In only three months, Apple has lost $452 billion in market capitalization, including tens of billions on Thursday as the tech giant’s stock sank further.
Apple shares have fallen by 39.1 percent since Oct. 3, when the stock hit a 52-week high of $233.47 a share. With its market cap down to about $674 billion, those losses are larger than individual value of 496 members of the S&P 500 — including Facebook and J.P. Morgan.
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I mean for perspective the disaster that precipitated this was that they only made $84bn of profit in a single quarter rather than the forecast $89bn.
Circling the drain m7s.
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They should probably diversify into paper mills and welly manufacturing
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Heh! Our senior management always use Nokia as a caution against complacency in the marketplace...
”Only 6 or 7 years ago everyone in this room would have had a Nokia phone about them and today no-one in this room has one”.
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why did nokia crash so hard anyway? cos they failed to make smartphones?
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