Apple’s Stock Drop Threatens Trillion-Dollar Valuation


by WSJ

WSJ— Shares of Apple are on pace for their worst day in four years on investor concerns about a lackluster outlook and the company’s decision to stop reporting device unit sales.

WTOP—From Amazon to Apple, October’s swoon has erased trillions from America’s biggest companies. Here’s who’s down the most in Greater Washington.. October has been a rollercoaster ride for America’s largest companies, with even the healthiest corporate titans racking up tens-of-billions in lost market value since the month began. Greater Washington’s corporate giants were not immune. Case…

@YahooNews—Apple drops below trillion-dollar value on disappointing sales figures. Apple lost its status as the world’s only trillion-dollar public company on Thursday night as shares slumped following disappointing results. The iPhone maker said that it would no longer reveal how many iPhones, iPads and Macs it sells each quarter, claiming the figure was no longer relevant to investors

SFGate—Apple shares tumble, stock drops below historic $1 trillion market cap. Apple shares tumbled Friday after the company announced it would no longer report individual unit sales for the iPhone, iPad and Mac beginning next quarter.