Apple’s market value plunges

Apple’s revenue warning over weak Chinese sales prompted a 10 percent share price plunge. The tech giant’s market capitalisation has plummeted almost 40 percent since its peak of $1.1 trillion in October


Market capitalisation
($ billions)
1,100
1,000
900
800
700
	Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
	2018						2019

Jan 3, 2018: $875.2bn

Aug 2: Apple becomes world’s first public company to be worth $1 trillion

Oct 3: Market cap peaks at $1,103bn

Jan 2: Apple issues first profit warning in 16 years

Jan 3: Apple’s value slumps by 38.8% to $674.75bn


Revenue in fiscal 2018 (Oct 2017 to Sep 2018) 	Total: $265.6bn
iPhone: $166.7bn (62.8%) 
Mac: $25.5bn (9.6%)
iPad: $18.8bn (7.1%)
Other products*: $17.4bn (6.5%)
Services†: $37.2bn (14.0%)


*Music streaming, the App Store, iCloud, AppleCare, Apple Pay
†Apple TV, Apple Watch, AirPods, Beats products, HomePod, iPod touch


Sources: Apple, Bloomberg, Financial Times, YCharts 
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