Apple stock drops 10% following disappointing outlook, wiping out $500 billion
On Friday, Apple's stock price slid roughly 10% during the session after the tech giant provided a revenue growth projection for the present quarter that missed analyst estimates. Should these declines persist, it would represent the company's steepest single-day loss since the start of the COVID-19 pandemic, erasing approximately $500 billion in market value. Previously, Apple announced that its revenue for the June quarter reached a record high of $109.4 billion.
by shortkt.com✓