Apple Briefly Dips Below $1 Trillion Level It Held Since October
A pedestrian passes in front of the Apple Inc. store on 5th Avenue in the Upper East Side neighborhood of New York on March 20.
Photographer: Gabby Jones/Bloomberg
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Apple Inc. briefly fell below $1 trillion in market value in the last 10 minutes of Friday’s session, threatening a title that the iPhone maker has hung onto since October.
While Apple shares pared their loss by the close, finishing the week valued at $1.003 trillion, the stock again teetered around the 13-digit threshold in after hours trading. In the wake of coronavirus, the company has been hampered by supply-chain worries in China and has closed stores everywhere else.