Apple’s stock has a taken a hit and the company’s market cap have
dropped below $400 billion for the first time since January 2012. The
Cupertino’s stock has been wobbling
ever since the launch of the fifth-generation iPhone and according to
few reports, the investors are concerned about the company’s contracting
profit margins.
Apple’s upcoming products and innovations along with the
superabundance of the assets have all raised a cause of concern among
the investors, resulting in the drop of company’s share price and
overall market cap.
Apple’s market cap saw a high of $650 billion in September 2012, but
has been dropping ever since and the stock is now trading at the same
value as in January 2012. Apple’s market cap is currently at $395.88
billion, but analysts expect the company to bounce back over the $400B
mark in the upcoming weeks.
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