Apple's Market Valuation Drops Below $2 Trillion as Stock Price Continues to Fall

Apple shares are down around 4% today, resulting in the company's valuation falling below $2 trillion for the first time since 2021. Apple's stock is at its lowest price since June 2021 as concerns mount about iPhone supply constraints in China and weakening demand for its products due to persistently high inflation and a looming recession.

apple store brussels belgium
While the stock market has experienced a broader downturn, the Financial Times today reported that Apple has fared better than some of its peers, losing 27% of its value in the past 12 months, versus a 33% loss for the tech-heavy Nasdaq Composite as a whole. Apple has reported 14 consecutive quarters of growth, but the company is estimated to report around a 1% drop in revenue in the fourth quarter of 2022.

Apple's manufacturing partner Foxconn has faced iPhone production constraints due to COVID-19-related workplace protests and labor shortages over the past few months, leading to shipping delays for the iPhone 14 Pro and iPhone 14 Pro Max. However, Foxconn said that its main iPhone factory in Zhengzhou, China was operating at 90% of its peak capacity as of December 30, indicating that the situation is improving.

Nikkei Asia on Monday reported that Apple notified several suppliers to build fewer components for AirPods, the Apple Watch, and MacBooks in the first quarter of 2023 due to weakening demand. Shipments of all of those products and the iPhone are set to decline on a year-over-year basis in 2023, according to research this week from Jeff Pu, an analyst at Hong Kong investment firm Haitong International Securities.

Apple briefly became a $3 trillion company in January 2022 after the COVID-19 pandemic fueled strong demand for its products in 2020 and 2021. Apple products were in high demand as more people worked, learned, and connected with others from home.

AAPL was trading at around $124.26 as of writing.

Tag: AAPL

Popular Stories

apple wallet drivers license feature iPhone 15 pro

iPhone Driver's Licenses: These 17 U.S. States Offer Them or Will Later

Thursday June 19, 2025 11:28 am PDT by
In select U.S. states, residents can add their driver's license or state ID to the Wallet app on the iPhone and Apple Watch, providing a convenient and contactless way to display proof of identity or age at select airports and businesses, and in select apps. Unfortunately, this feature continues to roll out very slowly since it was announced in 2021, with only nine U.S. states and Puerto...
apple watch ultra 2 new black

Apple Watch Ultra 3 Finally Coming After Two-Year Hiatus

Monday June 16, 2025 8:45 am PDT by
Apple will finally deliver the Apple Watch Ultra 3 sometime this year, according to analyst Jeff Pu of GF Securities Hong Kong (via @jukanlosreve). The analyst expects both the Apple Watch Series 11 and Apple Watch Ultra 3 to arrive this year (likely alongside the new iPhone 17 lineup, if previous launches are anything to go by), according to his latest product roadmap shared with...
iPhone 17 Pro Blue Feature Tighter Crop

iPhone 17 Pro Launching in Three Months With These 12 New Features

Saturday June 14, 2025 5:45 pm PDT by
The iPhone 17 Pro and iPhone 17 Pro Max are three months away, and there are plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models as of June 2025:Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and the iPhone X through iPhone 14 Pro have a...
ios 26 call holding

iOS 26 Beta is Hiding a New Ringtone — Here's What It Sounds Like

Thursday June 19, 2025 7:25 pm PDT by
Apple is hiding a new ringtone within iOS 26. The new ringtone is an alternative version of the existing Reflection ringtone, which has been the default ringtone since the iPhone X was released in 2017. It was discovered within the code for the first developer beta of iOS 26, but it remains hidden, so you will not find it in the list of ringtones available in the Settings app for now. It...
iOS 18

Apple Releases iOS 18.6 Public Beta

Wednesday June 18, 2025 10:24 am PDT by
Apple today seeded the first betas of upcoming iOS 18.6 and iPadOS 18.6 updates to public beta testers, with the betas coming just a few days after Apple provided the betas to developers. Testers who have signed up for beta updates through Apple's beta site can download iOS 18.6 and iPadOS 18.6 from the Settings app on a compatible device by going to General > Software Update. When the...
General Spotify Feature

Spotify Preparing to Launch Long-Awaited Lossless Audio Tier on iPhone

Thursday June 19, 2025 1:46 pm PDT by
Spotify appears to be gearing up to launch its long-awaited lossless music tier. Chris Messina (via TechCrunch) and Spicetify (via The Verge) spotted new lossless references within the code for Spotify's desktop app and web player. With assistance from Aaron Perris, MacRumors has confirmed that the latest beta of the Spotify app for the iPhone also contains new lossless-related code....
new iphone lockscreen ios 26

iOS 26: Five Changes Coming to Your iPhone Lock Screen

Tuesday June 17, 2025 8:46 am PDT by
With iOS 26, Apple has made some additions to the iPhone Lock Screen that aim to make it more customizable than ever. Of course, things can always change before the software makes its way to the general iPhone-owning public, but here are five new things iOS 26 can do on the Lock Screen as of the current developer beta. Widgets Top or Bottom In iOS 18, the row of widgets on your Lock...
iOS 26 on Three iPhones

Apple Says iOS 26 Won't Be Available on These iPhone Models

Tuesday June 10, 2025 6:58 am PDT by
Apple this week revealed that iOS 26 is compatible with the iPhone 11 series and newer. That means that iOS 18 is the end of the road for the iPhone XS, iPhone XS Max, and iPhone XR, which were all released in 2018. However, those devices will continue to receive security updates for at least a few more years. iOS 26 is compatible with the following iPhone models: iPhone 16e iPhone...
Craig Federighi No

John Gruber Reacts to Apple Declining His Interview After His Criticism

Wednesday June 18, 2025 8:10 pm PDT by
Every year between 2015 and 2024, at least one Apple executive agreed to be interviewed by Daring Fireball's John Gruber for a special WWDC episode of his podcast, The Talk Show. Last year, for example, Apple's software engineering chief Craig Federighi, marketing chief Greg Joswiak, and top AI researcher John Giannandrea joined Gruber on stage at the California Theatre in San Jose to discuss...

Top Rated Comments

icanhazmac Avatar
32 months ago

Folks, stop holding on to your devices and upgrade!
Yes, hurry up and trade in your perfectly good devices for slightly better ones just to "fix" Apple's valuation in the short term. :rolleyes: /s

P.S. - How is the news "devastating"? Kinda par for the course in these times.
Score: 26 Votes (Like | Disagree)
User 6502 Avatar
32 months ago

Ouch! Devastating news. This is going to be tough upcoming months for Apple. Folks, stop holding on to your devices and upgrade!
I’ll upgrade when apple releases something worth upgrading for. iPhone 14 sucks. Apple Watch series 8 sucks. They can keep them, and it appears I am not the only one who skipped them. Maybe this’ll teach them a lesson and iPhone 15 and Apple Watch 9 will be more interesting. Otherwise I’ll skip those too, it’s not like having the latest iPhone or Apple Watch is a necessity. Most people only bothers if they are genuinely exciting, and iDevices lately haven’t been.
Score: 23 Votes (Like | Disagree)
sw1tcher Avatar
32 months ago

Ouch! Devastating news. This is going to be tough upcoming months for Apple. Folks, stop holding on to your devices and upgrade!
Buy new Apple device(s) or spend money on necessities like food and shelter instead??? ? Tough decision
Score: 20 Votes (Like | Disagree)
Zest28 Avatar
32 months ago
How is this possible? I bought the Apple Studio Display. The stock price should have gone through the roof.
Score: 19 Votes (Like | Disagree)
antnythr Avatar
32 months ago
I feel Apple is on a downward trend as a company, but this downswing is hitting almost everyone right now and not some Apple specific issue.
Score: 15 Votes (Like | Disagree)
QCassidy352 Avatar
32 months ago
Hurts as a shareholder, but the company remains strong. The stock price will recover when macro conditions improve.
Score: 14 Votes (Like | Disagree)