I am not sure but it does seem that apple's stock price has taken a hit.
https://finance.yahoo.com/quote/AAPL/
Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well)
So I had done some calculations and please correct me if you think I am wrong but at 4:00 pm USA time (EDT?) the stock was selling at 213.5 open (I am not sure what the differences b/w open,close etc. are , I am not a finance guy) but it went from 213.5 open to 207.8 right now
Taking the % lose from its peak just at 4 PM EDT & multiplying it by its market cap? 3.19Trillion(1- 207.5/213.5 ) is 89_648_711_944 , ie. 89 Billion $.
So from my understanding Apple lost 89B $ in like a span of 2 hours (4PM EDT to 5:10-ish PM EDT which is the approx current time while writing this post)
That sounds REALLY BIG. Like I used to think damn Trillion $ are a lot but if such a case can cause apple to lose 89B$ in span of 2 hours then either I am doing some calculation wrong or this case has a truly big gravity that its worth not to just skim over it I guess and truly read it at detail I suppose.
Just my two cents..