"Apple was widely applauded to be the first American company to break the trillions dollar barrier," reports Jack Schofield for ZDNet. "But the value has fallen to $ 839 billion for a number of reasons, but other technology stocks have also suffered from a reverse stock market."

"Apple's value has fallen by more than $ 220 billion in recent weeks," reports Schofield. "The first listed US company to reach a billion dollar market capitalization has seen its value down to about $ 839 billion at the time of writing."

"So far, the effects have not been terrible for long-term Apple shareholders," reports Schofield. "The $ 1

76.78 price tag (see graph) is still higher than the $ 175 they started the year and comfortably ahead of 52 weeks low at $ 150. Five years ago they were half of it. Ten years ago they were less than $ 5. "

Read more throughout the article here.

MacDailyNews Take: Never has a overreaction cost so much on paper. $ 220 + billion!

This also has to pass. Can you buy just at low.

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