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

The first trillion-dollar company lost nearly half that in 3 months.
  • 1 min Read

By Mish Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit Sitka Pacific's Investment Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific. I am also a contributing "professor" on Minyanville, a community site focused on economic and financial education.
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit Sitka Pacific's Investment Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific. I am also a contributing "professor" on Minyanville, a community site focused on economic and financial education.

Apple AAPL set a record that will take a long time to beat. The first trillion-dollar 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 AMZN has a chance but it needs a big disaster soon.

Mike “Mish” ShedlocK

This article was originally published at Mish Talk.

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When You Think About the High-Tech Future, Put Nuclear Fusion at the Front of the Line

I’ve long said we are under-utilizing nuclear energy. This shouldn’t be controversial; nuclear has something for everyone.

When You Think About the High-Tech Future, Put Nuclear Fusion at the Front of the Line

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