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Apple Loses Its Trillion-Dollar Valuation

Apple’s market value has dropped below US $1-trillion as trading started on Monday, while Microsoft remains the only US stock way above the 13-digit threshold.

Apple’s shares dropped as much as 4.9% at 9.40 am in New York,making the iPhone producers market value down to about $960 billion. In the wake of coronavirus plague, the company has been weighed down by supply-chain worries in China and has closed down its stores around the world.

The stock had briefly dropped below the $1-trillion level in the final minutes of trading on Friday, before paring losses to close just a little bit above it.

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