Apple’s market cap falls below $500 billion as shares keep falling
NEW YORK (Reuters) – Apple’s market capitalization fell below $500 billion on Thursday as shares of the world’s most valuable listed company continued to slide after suffering their worst one-day decline in nearly four years. Shares of Apple Inc fell to as low as $518. 63 on Thursday, declining nearly 10 percent for the week. But for the year, the stock is still up more than 30 percent. At its peak in September the stock was worth $705. 07. Earlier in the day, research firm IDC said Apple’s rank in China’s smartphone market, which is set to become the world’s largest this year, fell to No. . . .
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