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Apple’s $2 Trillion Market Valuation on Shaky Ground

  • The iPhone maker’s shares have slumped 24% this year
  • Estimates for quarterly earnings and revenue have dropped
Apple’s stock woes have intensified this year with a 25% slump.

Apple’s stock woes have intensified this year with a 25% slump.

Photographer: Brent Lewin/Bloomberg
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Apple Inc.’s run as a $3 trillion stock proved fleeting. Now its grip on a $2 trillion market value is looking wobbly, too.

After briefly surpassing $3 trillion in January, the iPhone maker has lost more than $800 billion in capitalization as tech stocks plunged. With concern growing that the Federal Reserve’s interest-rate increases could tip the US into recession, the $2 trillion milestone is looking precarious. Apple closed Tuesday at $2.15 trillion.