Apple’s Value Drops Below $1 Trillion, While Microsoft Holds On
A closed Apple store in Santa Monica, California.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Apple Inc.’s market value fell below $1 trillion as trading opened Monday, leaving Microsoft Corp. as the only U.S. stock above the 13-digit threshold.
Apple shares fell as much as 4.9% at 9:40 a.m. in New York, bringing the iPhone maker’s market value to about $960 billion. In the wake of coronavirus, the company has been hampered by supply-chain worries in China and has closed stores around the globe. The stock briefly dipped below the $1 trillion level in the final minutes of trading on Friday, before paring losses to close just above it.