Apple's market value is not as high as five months ago
Apple's market value is not as high as five months ago

On March 23, it was reported that in August 2018, Apple became the first American listed company with a market value of $1 trillion, and Amazon's market value exceeded $1 trillion in the following month. But soon after this achievement, Apple's share price plummeted by 35%, and then rebounded by 120%, which made Apple's market value once again exceed $1 trillion.

Since October 2019, Apple's market value has remained above $1 trillion until the last 10 minutes of trading on Friday. According to Bloomberg, last week was the worst week for US stocks since 2008. Apple's share price once fell to 228 dollars. Based on this price, Apple's market value was 998 billion dollars.

Some buying came at the last minute. Apple closed at $229.24 last Friday, with a market value of $1.003 trillion. However, Apple did not get out of the predicament. In after hours trading, Apple closed at $228, a low point in regular trading hours.

The parent company of Amazon and Google, Alphabet, rose to a market value of $1 trillion in January. However, affected by COVID-19, the two companies left the "$1 trillion club" in February.


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