Exactly one month ago Apple became the first American company and the second company in history with a market capitalization of 2 trillion dollars. It reached this level much faster than many analysts predicted, and then the stock price continued to grow.
As of September 1, the company’s shares rose to $134 and its capitalization exceeded $2.3 trillion. This was the maximum for Apple, after which shares began to fall in price and the process continues. In just three weeks, Apple has lost more than $500 billion in capitalization, and the securities fell to $107.
There is no single specific reason for this situation. Specialists talk about the unimpressive presentation, which took place the other day, but the decline in Apple shares began long before the event. Also analysts note the internal processes of the stock market and concerns about the overpriced shares of Apple.
It should be noted that the main decline occurred in the period from 1 to 8 September – now the process is ongoing, but much slower. Analysts expect that the upcoming announcement of the new iPhone will again push the trader’s securities up. In addition, Apple, despite the huge drop, still remains the most expensive company, significantly ahead of the nearest competitors.