2023-08-04 23:40:00
After a series of records in the previous weeks, shares of Apple [$AAPL] showed a very expressive drop today, from 4.8%big enough to return the company to around $2 trillion in market value.
Apple shares closed the day at US$181,99 — almost $10 less than what it was worth at the NASDAQ close yesterday ($191.17). As a result, the company’s market value dropped to “only” $2.862 trillion.
The sharp drop caused Apple to lose around US$145 billion of its market value in just one day. To give you an idea, this is “almost” the value of a Intel [$INTC]which closed today at US$147.1 billion.
The results are, in a way, surprising. Yesterday, Apple presented its financial results for the third fiscal quarter of this year and, although it saw its revenue decrease by 1%, the result was better than expected by Wall Street.
It should also be considered that the number of papers traded today it was practically twice as much as the previous days — so probably many shareholders were just waiting for the results to make their moves.
Obviously, we will follow how the market will behave in the coming days. ????
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