BUSINESS, Commerce, Social media

Apple Stock Takes A Nosedive

Apple stock fell 6.6 percent at the end of last week, after showing a strong earnings report but shook investors’ confidence in its newly announced quarterly reporting structure and blurred guidance for the holiday quarter.

Press reports noted that shares ended trading at $207.48, just above the threshold for Apple to maintain its historic $1 trillion market cap, based on Apple’s most recently reported share count.

It’s the worst day of trading for Apple since January 2014. The losses push Apple into correction territory, more than 11 percent off its recent high.

Readers Bureau, Contributor

Edited by Jesus Chan

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