Just three months ago, Apple was on a high as the most valuable company in the world. But since October 2018, $450 billion has been wiped from its value. Apple’s stock has been in freefall since since its 52-week high in October, and the unexpected sales warning from CEO Tim Cook has sped up the decline.
- Supply chain woes cost Apple $6B in sales ahead of worse holiday quarter, CEO says
- As iPhone sales slump, Apple CEO hints at lowering prices — but not everywhere
- Stock markets slide after Apple reveals declining iPhone sales in China