Source: iMore
What you need to know
- Apple's market capitalization dropped below $2 trillion on Tuesday.
- It is the second time the stock has done this since Apple passed the historic mark in August.
- The company's market cap at the end of Tuesday's trading was $1.96 trillion.
Reported by AppleInsider, Apple shares closed at $112.82 at the end of trading on Tuesday, causing the company's market capitalization to dip below the $2 trillion mark. That said, the company is still close - it sat at $1.96 trillion at the end of trading for the day.
The sub-$2 trillion valuation comes just a few days after Apple recovered from a similar plunge on Sept. 3. During a widespread tech industry sell-off, Apple bled nearly $180 billion in market capitalization — the worst one-day loss for any company ever. AAPL's closing price of $112.82 results in a market valuation of $1.96 trillion. That's reached by multiplying the share price by the number of outstanding shares.
Last month, Apple became the first U.S. company to hit a $2 trillion market cap. Since then, the company's share price has dropped 2.5% and has fluctuated underneath that historic mark twice.
The company just recently completed its four to one stock-split as well, in which it gave each shareholder three additional shares for what was previously held. Each, of course, was now valued at a quarter of what it was before the split.
Apple is expected to announce a slew of new devices this fall, so any reasonable person can assume that the company will pass the $2 trillion mark again.
We may earn a commission for purchases using our links. Learn more.
Plan your day with Hour Blocks and its amazing iOS 14 Home screen widgets
Planning your day is no fun but sometimes you find an app that goes some way to making it less boring. Hour Blocks does a decent job and it looks lovely, too.
Scribble Together gets the coolest iOS 14 App Clip we've seen so far
Scribble Together has released its new App Clip for Scribble Together, which will allow users to collaborate on a Scribble Together whiteboard even if they don't have the app.
TikTok is being banned in the U.S. from Sunday, September 20
The U.S. Department of Commerce will ban TikTok and WeChat from U.S app stores from Sunday.
Pick the best Eufy RoboVac for you with our handy guide
Eufy makes some pretty compelling robotic vacuums and there are a lot to choose from. With a vast difference between the lower end, more affordable models and the smarter, connected, high end options, there are many factors to consider when deciding which model would be best for your household. We have compared the best of Eufy's RoboVac range here so you can find the right one for you.
