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.