Apple has lost $229 billion in market cap since its September high — here's what's next

Apple has lost $229 billion in market cap since its September high — here's what's next

Apple has lost $229 billion in market cap since its September high — here's what's next Apple shares bounced back Thursday, but losses since its record highs remain sharp. The stock has fallen 9% since that September peak, shedding roughly $229 billion in market cap. That's equivalent to the market cap of 94% of the S&P 500 companies. Most recently, the shares dropped on reports it would cut iPhone production in response to a shortage of chips. Nancy Tengler, chief investment officer at Laffer Tengler Investments, has been a long-term holder of the name. "We became shareholders in 2013 when the yield on the stock rose above 3% which was also well above the yield on the 10-year, and we did that because we liked the services model and we …
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