"Apple's Stock Woes: Valuation at Risk Amid Design Critique and iPhone Demand Concerns"
TL;DR
Apple Inc. has experienced a significant drop in stock value at the start of 2024, marking its weakest beginning of the year since 2019 and threatening its position as the world's most valuable company. The decline, attributed to downgrades and a challenging market in China, has brought Apple's market capitalization close to that of Microsoft, which has been less affected and is benefiting from its association with AI and OpenAI's ChatGPT. Apple's market value has decreased to approximately $2.84 trillion, with Microsoft close behind at $2.75 trillion.
Topics:businessbusiness-and-finance##apple#business-and-finance#marketvalue#microsoft#stockmarket#technology
- Apple's 2024 Slump Puts Most-Valuable Stock Title at Risk Yahoo Finance
- Apple Downgraded Again on iPhone Demand Worries Bloomberg Television
- These are Wells Fargo's top stock ideas for the first quarter CNBC
- Apple's lazy attitude to phone design is to blame for stock downgrade SamMobile - Samsung news
- Why Wall Street is cooling on Apple stock Yahoo Finance
Want the full story? Read the original reporting
Read on Yahoo Finance