Technology
Apple at risk of losing ‘most valued’ stock status
Company behind the iPhone has had a rocked start to 2023 with as much as $183 billion in market valued wiped out this week following downgrades
iPhone maker Apple is off to its weakest start to a year since 2019, putting its long-standing status as the world’s most valuable stock by market value in jeopardy
The company has been the most valuable publicly-listed company since July 2022, but the stock has fallen sharply this year after the technology giant was hit by two ratings downgrades, with analysts flagging weak macro environment in China pressuring demand for iPhones. That has shrunk its ...