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Apple is no longer the largest company in the world at market coverage – BGR



In recent years, Apple shares have been known to fluctuate wildly and apparently without explanation from time to time. However, Apple's runway has taken investors in recent months without a doubt. It's enough to say that investing in Apple is certainly not too weak of the heart.

Less than four months ago, Apple shares flew high. At the beginning of August, Apple shares shares of $ 207, making Apple the first billion dollar company in history. After that, Apple's shares continued to rise to newly funded heights. Just seven weeks ago, Apple traded more than $ 231 per share.

Flashes until today, and Apple shares are apparently in a free fall. In the midst of reports that iPhone XR sales fall below expectations, not to mention Apple's decision to no longer report iPhone device sales, investors have hit Apple's shares quite hard as late.

At the end of trading today, Apple shares traded at $ 1

72.29. To put it into context, Apple shares have fallen by more than 25% in just a few weeks. In turn, Apple's status as a trillion dollar company is nothing more than a memory. In addition, Apple's market share relative to other tech behemots has taken quite a big success.

No longer the most valuable technology company on the planet, Apple's market coverage now looks at $ 746 billion. In contrast, Microsoft's market value at the end of trading today was $ 753 billion. And although Apple's market coverage is still ahead of companies like Amazon and Google, it can change soon if Apple stocks continue to fall over the next few days and weeks.

It would be that Apple generates far more in profits than all of its aforementioned competitors and has a P / E ratio that is ridiculously low. However, it is not a surprise that the stock market is not really the place – it has not been, either – where you expect to find any logic.

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