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Apple's 3-day loss in market cap swells to almost $640 billion [CNBC]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
The company's stock has lost about 20% of its value in the past three trading days, wiping out almopst $640 billion in market cap. While the whole market has gotten hammered from the tariff announcements, only Apple, Microsoft and Tesla were down on Monday among the tech megacaps. (L-R) Apple CEO Tim Cook, Vivek Ramaswamy and Secretary of Homeland Security nominee Kristi Noem attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. While the stock market broadly fared better on Monday than in the prior two trading days, got hammered once again, losing 3.7% as concerns mounted that the company will take a major hit from President Trump's The selloff brings Apple's three-day rout to 19%, a downdraft that's wiped out $638 billion in market cap. Apple is one of the most exposed companies to a trade war, analyst say, due largely to its reliance on China, which is facing 54% tariffs
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