“The stock of the world’s most valuable company has now fallen more than 20 percent from its all-time high of $705.07, hit on Sept. 21,” AP reports. “That was the day the latest iPhone went on sale.”
AP reports, “Apple Inc. still has the world’s heftiest market capitalization at $548 billion. Oil giant Exxon Mobil Corp. is next, at nearly $418 billion. Apple shares are down [$18.00, or 3.10%, to $562.19] in midday trading Wednesday. The tech-heavy Nasdaq composite index is down 2.6 percent.”
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