APPLE’S CRUNCH $230bn
Over the last month, Apple’s stock has fallen 20%, putting it on pace for its worst month since the financial crisis, according to The New York Times. The drop has seen the company lose roughly $230bn of its market value, placing it close to losing its position as the most valuable publicly traded company to Microsoft, said the paper. Before the tumble, Apple was worth around $250bn more than Microsoft. However, in late October, the latter reported better-thanexpected earnings and its shares were up by about 1% in November, according to the outlet.