Apple Loses $1 Trillion Status After Soft Holiday Forecast

Apple Loses $1 Trillion Status After Soft Holiday Forecast
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, on Aug. 1, 2018. Lucas Jackson/File Photo/Reuters
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Apple Shares fell 6 percent on Nov. 2, cutting its market value back to less than $1 trillion after it forecast softer-than-expected sales for the holiday quarter and fueled nerves over iPhone sales by saying it would no longer release the figures.

The dip in Apple’s shares to $208.50 knocked around $67 billion off its value, and put Amazon and Microsoft back in the mix in the race among the United States’ big tech players to be the world’s most valuable company.