AP­PLE’S CRUNCH $230bn

Finweek English Edition - - In Brief -

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.

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