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Apple shares fell nearly 1% to $ 173, bringing the company's market capitalization to $ 821.6 billion, already far from the $ 1 trillion it collected on August 2.
It was the first city in the United States to reach the status of "baby billion dollars". Soon after, Amazon followed in his footsteps. But in the meantime, the tech sector has lost its luster and a collapse has occurred which has been of great value to these companies.
The state of grace at Apple lasted until October, when news surfaced about the slowdown in iPhone sales.
On October 3, Apple shares hit a value never before seen ($ 233.47), but have since lost about 27%.
A trend that has accentuated after the results of the company until September. Apple unveiled its fiscal year-end results on November 1, ending in September, with positive numbers, but the outlook for the last three months of the calendar year was not. After announcing sales of 46.9 million units on a market forecast of 48.4 million between July and September, Apple revealed that between October and December, sales should be between 89 and $ 93 billion. This means that the average value will be lower than the average estimate of analysts (92.7 billion).
Microsoft, which also reached a record on October 3rd, has since declined by 9%. Microsoft's current price is $ 106.26, bringing the market capitalization to $ 822.2 billion.
Microsoft becomes the most valuable in the world, beating Apple.
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