Apple's market value evaporated by about 534.5 billion yuan overnight, falling below the $2 trillion markOn January 3 local time, U.S. stocks collectively closed down. Among them, Tesla fell by more than 12%, and its market value evaporated by about 329.2 billion yuan, while Apple’s market value evaporated by about 534.5 billion. It is worth noting that this is the first time that Apple’s market value has fallen below the $2 trillion mark in 18 months.
According to media analysis, the plunge in Apple's market value is mainly due to unfavorable factors such as high inflation in the United States and the Fed's crazy interest rate hike cycle.
According to media reports, Apple notified several component suppliers to reduce production of components for AirPods, Apple Watch and MacBooks in the first quarter of this year on the grounds of weakening demand. According to industry insiders, iPhone, AirPods, Apple Watch, and MacBook are currently the four most important hardware products of Apple. If the four major product lines are at risk of cutting orders, it means that the global consumer product market is worse than expected.
What is Ruby?