Apple is in serious danger of no longer being a $1 trillion company (AAPL)

TimCook2016AP

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  • Apple is in danger of losing its $ 1 trillion market cap.
  • Shares in Apple slid as much as 7% or more in after-hours trading, following its quarterly earnings report.
  • Investors may have been spooked by a big miss on iPhone sales, as well as a soft revenue forecast for the next quarter.
  • Still, after-hours trading doesn’t officially affect a company’s market cap, and it all comes down to what happens on Friday morning when markets are open again.

Wall Street was unimpressed with Apple’s quarterly earnings results, announced on Thursday — so much so, that shares plunged over 7% after the bell, putting Apple in danger of losing its much-vaunted market cap of $ 1 trillion.

At the time of writing, Apple stock is priced at $ 206.30 in after-hours trading, and still moving around. Should that price hold through the opening bell on Friday, Apple will have a market cap below that $ 1 trillion threshold. The threshold is $ 207.45; any Apple share price less than that will value the company below that line.

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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