Apple loses historic $3 trillion crown as sales disappoint:

Apple loses historic $3 trillion crown as sales disappoint:

Daily Current Affairs   /   Apple loses historic $3 trillion crown as sales disappoint:

Change Language English Hindi

Category : National Published on: August 05 2023

Share on facebook
  • Apple no longer holds the historic market valuation of $3 trillion. Apple shares fell by 3.6% after the company reported third straight quarter with a revenue decline.
  • In its report, Apple posted its third straight quarter of declining sales, and predicted a similar performance in the current period.
  • More than $120 billion was wiped out from Apple's market capitalisation, taking it to $2.88 trillion. In June, Apple became the first company to hit $3 trillion valuation.
Recent Post's
  • The US launches the Gold Card, an investor-linked residency scheme offering fast-track permanent residency and citizenship for wealthy individuals and corporations.

    Read More....
  • Google for Startups Hub at T-Hub Hyderabad offers AI-focused startups mentorship, coworking space, and investor access, boosting India’s deep-tech entrepreneurship.

    Read More....
  • Mexico imposes tariffs of up to 50% on over 1,400 products from India, China, and other Asian countries from January 2026 to protect domestic industries.

    Read More....
  • Varanasi becomes India’s first city to launch a hydrogen-powered water taxi service, promoting sustainable inland transport along the Ganga.

    Read More....
  • Maharashtra has introduced a new regulatory framework to overhaul Mumbai’s century-old Pagdi system and boost redevelopment of ageing buildings.

    Read More....
  • Maharashtra launched MahaCrimeOS AI, an advanced AI-powered platform to speed up cybercrime investigations.

    Read More....
  • TIME Magazine named the “Architects of AI” as the 2025 Person of the Year, honouring leaders driving global AI transformation.

    Read More....
  • India and Liberia signed an MoU to strengthen cooperation in pharmacopoeia and medicine quality standards.

    Read More....
  • Kolkata unveils the world’s largest 70-foot iron statue of Lionel Messi ahead of the 2026 FIFA World Cup.

    Read More....
  • Punjab honours Yuvraj Singh and Harmanpreet Kaur with stadium stands named after them at Mullanpur.

    Read More....