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Apple Is No Longer A $1 Trillion Company

Video Credit: Veuer - Duration: 00:56s - Published < > Embed
Apple Is No Longer A $1 Trillion Company

Apple Is No Longer A $1 Trillion Company

Looks like Apple’s reign as a trillion dollar company is over, at least for now.

Veuer's Natasha Abellard has the story.

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Apple Is No Longer A $1 Trillion Company

Looks like Apple’s reign as a trillion dollar company is over at least for now.????While Apple was the first American company to hit the major milestone, Fortune reports that the tech giant’s value has gone back down.

????The drop in value was said to come following some market pressure along with a new change in how the company planned on reporting their quarterly sales.

????On top of this, a new report from a financial Japanese publication, Nikkei Asian Review says that Asian Apple suppliers have taken a stock market hit after demand for the latest iphone XR lower than anticipated.

??

??During their recent quarterly earnings call, the tech company also announced that they would no longer share the sales of their hardware devices including iphone, ipad, and mac.????The company claims that the sales of their services to current Apple customers give a more accurate picture of the company’s progress.

????However, some are taking this a sign that sales are declining.????But with the holiday season now here, Apple is hoping those stockings will be filled with new iphones and laptops.??




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