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That translated to a loss of roughly $180 billion in the iPhone makers market capitalization. Its the biggest one-day loss in worth for any business ever, however still leaves Apple with a market cap of well over $2 trillion.
Apple
Porsche
The previous one-day loss record was an odd one. Back in October 2008, sports automobile maker
exposed that they had actually gained control of a majority of voting shares in
Volkswagen
In the U.S., the biggest one-day market cap loss before 2020 came from
( FB) stock on July 26, 2018, following its profits report the prior night. Facebooks second-quarter results were great, with sales and profits matching the Wall Street agreement. But following the Cambridge Analytica scandal and other pressures on the companys business model, Facebook cautioned that its profits growth and revenue margins would decline significantly over the coming quarters and years.
( VOW.Germany). That triggered a huge short squeeze, which moved Volkswagen shares 82% greater to briefly become the most valuable company worldwide– at $348 billion, meager by todays standards.
The stock tumbled 19% the following day, losing over $119 billion in market worth.
Things normalized a bit the next day, and VW stock lost 44%, or $153 billion in market price.
A pair of days in March 2020 saw market-cap losses of more than $150 billion from Apple and
( MSFT) stocks.
Microsoft
Apples loss on Thursday was bigger than the individual market caps of 470 business in the
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Adjusted for its current stock split, Thursdays close of $120.88 is the least expensive considering that simply August 20– 10 trading days ago. The stock is still up 65% given that the start of 2020, and up 127% over the previous year.
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Its the biggest one-day loss in value for any company ever, however still leaves Apple with a market cap of well over $2 trillion.( FB) stock on July 26, 2018, following its incomes report the previous evening. Like the rest of tech, Apple stock is still sturdily in the green for practically any timeline. Adjusted for its recent stock split, Thursdays close of $120.88 is the least expensive since simply August 20– 10 trading days earlier. The stock is still up 65% since the start of 2020, and up 127% over the past year.
Write to Nicholas Jasinski at [email protected]
— or the bottom 37 combined. It is the biggest portion drop for Apple stock because March 16, when it fell 12.9%.
S&P 500
