Congratulations! Apple Loses Record $463 Billion in Market Cap in Three Months

Apple set a record that will take a long time to beat. The first $ trillion company lost nearly half that in 3 months.

On, August 2, Apple became the World's First Trillion-Dollar Company at $207.05 per share. Hooray!

On October 3, Apple had a peak market cap of about $1.138 trillion.

Today, Apple's market cap is about $675 billion. That's a record market cap loss of $463 billion in three short months.

Expect more stories similar to this, but this may be hard to top. Amazon has a chance but it needs a big disaster soon.

Mike "Mish" Shedlock

Comments (35)
No. 1-13
Not_Wagner
Not_Wagner

Permabears who in the last few years looked solely on P/E ratio to conclude that stock market is expensive should be loving Apple now. Apple's P/E is 11. That is ridiculously low!

Or, is the new Permabear agenda that Apple is not enough of a "story stock' at the moment (in other words, Apple is competing in commoditized market and does not have interesting products coming out)? Like Apple is the opposite of Tesla?

P.S. At the moment I am short AAPL, but may consider going long if it keeps falling.

2banana
2banana

Amazon's P/E ratio is still at a staggering 84.

And that is after a 25% recent beatdown...

gregggg
gregggg

If we ever lose our internet connection, Amazon loses a ton. My wife buys a ton-O-crap on that site.

thimk
thimk

didn't sir Issac Newton discover gravity when an apple fell on his head ?

mkestrel
mkestrel

Tim cook is no Steve Jobs. He should be shown the door.