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Author Topic: Apple’s 3-day loss in market cap swells to almost $640 billion  (Read 150 times)

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Offline Elderberry

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Apple’s 3-day loss in market cap swells to almost $640 billion
« on: April 07, 2025, 07:41:44 pm »
CNBC by Kif Leswing 4/7/2025

Key Points

•   Apple is one of the most exposed companies to a trade war, analysts say, due to its hefty reliance on China, which is facing 54% tariffs.

•   The company’s stock has lost about 20% of its value over the past three trading days, wiping out almost $640 billion in market cap.

•   While the market has gotten hammered from the tariff announcements, only Apple, Microsoft and Tesla were down on Monday among the tech megacaps.

While the stock market broadly fared better on Monday than in the prior two trading days, Apple

got hammered once again, losing 3.7%, as concerns mounted that the company will take a major hit from President Donald Trump’s tariffs.

The sell-off brings Apple’s three-day rout to 19%, a downdraft that has wiped out $638 billion in market cap.

Apple is one of the most exposed companies to a trade war, analyst say, due largely to its reliance on China, which is facing 54% tariffs. Although Apple has production in India, Vietnam and Thailand, those countries also face increased tariffs as part of Trump’s sweeping plan.

More: https://www.cnbc.com/2025/04/07/apples-3-day-loss-in-market-cap-swells-to-almost-640-billion.html
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Offline Hoodat

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Re: Apple’s 3-day loss in market cap swells to almost $640 billion
« Reply #1 on: April 07, 2025, 07:53:57 pm »
Apple has been considerably overvalued for the last three years.  Even with this recent drop, their P/E ratio is still above 28.
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Offline Wingnut

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Re: Apple’s 3-day loss in market cap swells to almost $640 billion
« Reply #2 on: April 07, 2025, 08:08:46 pm »
Apple is an American company in name only. 
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