Apple's market value evaporated by more than 500 billion yuan overnight. Is Apple about to go bankrupt again?
As the richest company in the world, Apple has always attracted widespread attention in the industry, not only because of the many products Apple has launched, but also because Apple’s stock price often changes. This morning, a piece of news once again shocked the world.On the hot search, Apple’s market value evaporated by more than 500 billion yuan overnight, and its stock price dropped by a full two points. Let’s take a look at the relevant news!
[The three major U.S. stock indexes all fell, and Apple’s market value evaporated by more than 500 billion yuan overnight]
On March 4, local time, the three major U.S. stock indexes fell across the board. As of the close, the Dow Jones Industrial Index, Nasdaq Index, and S&P 500 Index fell by 0.25%, 0.41%, and 0.12% respectively.Nvidia achieved a new milestone, with its stock price rising 3.6% and its market value reaching US$2.1 trillion, surpassing Saudi Aramco's US$2.01 trillion and becoming the world's third largest company.
Apple's stock price fell 2.54% that day, with its latest market value at US$2,703.9 billion, and its market value evaporated by US$70.4 billion (RMB 506.9 billion).On the news, on March 4, the European Union fined Apple 1.84 billion euros ($2 billion) for allegedly abusing its dominant position in the music streaming application distribution market.
This is the first time the EU has imposed an antitrust fine on Apple, and it is also one of the largest fines the EU has ever issued against a technology company.EU regulators said Apple illegally prevented app developers from providing users with information about alternative and cheaper music subscription services outside its App Store.
Apple said it would appeal the EU fine, saying EU regulators failed to provide any credible evidence of harm to consumer interests and ignored a booming competitive market.The biggest beneficiary of the EU decision is Spotify, as it does not need to pay Apple fees when selling subscription services on its website.
Separately, Goldman Sachs removed Apple from its Best Buy list due to poor performance of the company's stock and concerns about weak demand for its main products; the company's stock price has barely changed since June last year, while the S&P 500 IndexIt's up nearly 22%.Investment bank Evercore ISI also removed Apple from its tactical outperform list.
Tesla’s stock price opened lower and moved lower, falling 7.16% to close at US$188.14. Its market value evaporated US$46.1 billion overnight, which is approximately 332.3 billion yuan.According to the Bloomberg Billionaires Index, Musk, 52, now has a net worth of $197.7 billion, surpassed by Amazon founder Jeff Bezos's $200.3 billion.This is the first time since 2021 that 60-year-old Bezos has become the world's richest man.
The decline in U.S. stocks is actually just a normal tactical adjustment. This kind of thing has happened frequently, but it just sounds scary. Apple's market value has evaporated by 500 billion yuan mainly because of its large base. Investors holding U.S. stocks should not worry too much.
