Apple Tankwatch Message Board

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Technology Stocks : Apple Tankwatch

AAPL 270.82

-1.0%

Dec 22 3:59 PM EST

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To: sylvester80 who wrote (32338)	1/3/2019 9:12:21 AM
From: sylvester80	Read Replies (1) of 32692

FUBAR: Apple's market cap set to fall below Google-parent Alphabet's to near 2-year low MARKETWATCH 7:05 AM ET 1/3/2019 Apple Inc.'s (AAPL) stock plunge is setting the stage for the technology giant's market capitalization to fall to the lowest level in nearly two years. That would knock Apple's(AAPL) market cap below Google-parent Alphabet Inc.'s (GOOGL) into fourth place on the list of most valuable U.S. companies. Apple's(AAPL) stock tumbled 8.9% in premarket trade, after the company cut late-Wednesday its first-quarter revenue outlook (http://www.marketwatch.com/story/apple-stock-falls-8- after-cutting-holiday-sales-forecast-2019-01-02), citing weaker-than-expected iPhone sales in China. At current prices, and based on the most recent quarterly filing, Apple's(AAPL) market cap would be about $682.9 billion, the lowest market value seen since it closed at about $678.4 billion on Feb. 3, 2017, according to FactSet. With Alphabet's stock down 0.9% in premarket trade, its market cap is on track to open just above $727 billion. Apple's(AAPL) stock has lost 8.3% over the past 12 months through Wednesday, while the Dow Jones Industrial Average has slipped 6.3%.

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