Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Business

Here's how poor iPhone sales erased $450 billion in market value for Apple

Updated : January 30, 2019 03:31 PM IST

The $450 billion market capitalisation loss includes the billions of dollars the company lost after the forecast cut announcement. Before the three-month period, Apple's market cap had a valuation of over $1 trillion.
Wednesday was the first time that Apple issued a warning on its revenue guidance ahead of releasing quarterly results since the iPhone was launched in 2007.
Tim Cook, in a letter to investors, admitted that China is not the only issue with iPhone sales.  
Here's how poor iPhone sales erased $450 billion in market value for Apple
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV