Connect with us

big devices

Apple Has Lost $450 Billion of Revenue Since October 2018!

Published

on

Apple Has Lost $450 Billion of Revenue Since October 2018!

Just about three months ago, the California tech-giant was enjoying a smooth ride with profits coming in, constantly; considering the fact that it was also the most valued company on the planet, last year. But since October 2018, the freefall of its revenues has generated a lot of ‘negative buzz’ among the analysts, the investors, the consumers, and also those who are the admirers of Apple Inc. in one or the other ways.

Apple has so far lost $450 billion of revenue since October, which is more than even the ‘overall value of social networking giant Facebook’. The total value of Facebook is about $383.76 billion. Well, FB’s total worth is also more than the total GDP of some countries like Iran, Norway, and Austria!

Now, you can imagine how big the loss is for Apple, even taking into account that it’s still got a lot of money and will probably make up for the losses very soon.

On Thursday, the iPhone maker’s stocks fell by 9.96%.

Way back, three months ago, on October 3rd, 2018, when Apple hit a peak of $232.07 per share, it gained a market cap of $1.16 trillion. But now, it just dropped to a low of about $142.19 per share (new results may vary from the article’s figures), clearing out a massive amount of $450 billion from its revenue. And on Thursday, January 3rd, Apple’s market cap was standing at $710.97 billion, as per the reports of Macrotrends.

And now Apple has also lost its position as world’s third most valuable company to Google’s Alphabet.

Apple has been struggling to maintain its aura for a while now and many experts are saying that to boost the revenues further and by a large number, Apple should also try to enter the budget-flagship or budget range of smartphones, as per the current trend. But that, for now, seems unlikely since Apple is a luxury phone making brand and always keeps the priority very high for the value of its products.

But it needs to understand the changing scenario in the markets currently, across the globe. If it keeps going like this then brands like OnePlus and Xiaomi will eventually end up becoming the true ‘smartphone profit makers’.

It looks like a state of a ‘slight’ emergency for Tim Cook and his team to sustain the company’s growth, just like it was moving three months ago.

Even the famous tech YouTube channel Unbox Therapy also came up with a video recently, discussing how Apple should move ahead if it has to live up to the fast-growing trends. Lewis Hilsenteger, who runs the channel, also talked about Apple’s recent decision to make the iPhones in India, in 2019.
[youtube https://www.youtube.com/watch?v=1oMJRjY_uoM]
Source: Business Insider

Herbs
A - Z Health Guides2 days ago

This Powerful Herb Is Changing the Lives of Millions

question
Tech3 days ago

Five Questions to Ask before selecting an Electronic Signature Software

Home Improvement5 days ago

What Your Windows are Telling You

Glove and Mask Holder
A - Z Health Guides5 days ago

Your ideal partner in fighting Covid-19

Tech5 days ago

The Curious Case of Netflix’s Metaflow Python Framework

Best Internet for Gaming
Americas6 days ago

Top 4 Internet Providers that Deliver the Best Gaming Speeds

life6 days ago

6 Ways to Make Back-to-College Better

car6 days ago

Common Misconceptions About Car Detailing

life6 days ago

16 ‘Hot for Summer’ Solutions

Business6 days ago

Importance of Online Presence For Your Business

How can Internet Service Providers Improve Their Customer Services
How to6 days ago

How can Internet Service Providers Improve Their Customer Services?

The genre of tech horror
Entertainment6 days ago

The genre of tech horror; How dark and true is the “Black Mirror”

technology6 days ago

Q-Reel to Revolutionize Electric Vehicle Charging with World’s First At-Home Semi-Automatic Station

Fitness6 days ago

Revolutionary Performance-Enhancing, Psychology-Driven Activewear Line Redefining Wearable Technology

Travel6 days ago

Nation’s Largest Ghost Tour ‘Nightly Spirits’ Helping Resurrect Local Restaurant Scenes

General news6 days ago

Tổng quan ngắn gọn về cá cược nhà cái

marriage
Finance6 days ago

All you want to know about necessary requirements for Marriage Loans

Americas1 week ago

All you need to know about Last Will and Testament in Alaska

seositecheckup
Business1 week ago

Your Business Needs to Work With The Top Agencies in Chicago

photography college 
News1 week ago

How to Choose a Holiday Photo Card

finance
Finance1 week ago

Questions to Ask Before You Take Out a Loan

home equipment
Fitness2 weeks ago

How to Train at Home during the Quarantine: Tips & Trick

What Is Vocational Adjustment & How Does It Affect My SSD Claim?
News2 weeks ago

What Is Vocational Adjustment & How Does It Affect My SSD Claim?

Fake News Regarding COVID-19
News2 weeks ago

Stop Kids from Getting Exposed To Fake News Regarding COVID-19

streaming
Entertainment2 weeks ago

How to Enjoy Online Streaming For Free While Quarantine?

How to Choose Watches for Women
Fashion2 weeks ago

How to Choose Watches for Women

How to Dig a Trench for a Sewer Line Replacement
Home Improvement2 weeks ago

How to Dig a Trench for a Sewer Line Replacement

How to Replace an Evaporator Coil
Home Improvement2 weeks ago

How to Replace an Evaporator Coil

Water Damage Restoration Steps
Home Improvement2 weeks ago

Water Damage Restoration Steps

How to Protect Your SD Card and Decrypt SD Card
Tech2 weeks ago

How to Protect Your SD Card and Decrypt SD Card

The genre of tech horror
Entertainment6 days ago

The genre of tech horror; How dark and true is the “Black Mirror”

Breaking Down Business Software
Business4 weeks ago

Breaking Down Business Software: What Is Microsoft 365?

Magento eCommerce Development
Business4 weeks ago

How to optimize your eCommerce Website for More Product Sales during the Covid-19 Pandemic?

Depression
A - Z Health Guides4 weeks ago

Coronavirus Lockdown may lead to increase in Depression and other Mental Health Problems

computer security
Tech3 weeks ago

The Updated Computer Security Guide for 2020

New Orleans Educators Share How Teach to One Helps Save Students From the Iceberg Problem
News3 weeks ago

New Orleans Educators Share How Teach to One Helps Save Students From the Iceberg Problem

3 Simple Credit Tips for When Cash is No Longer King
Finance4 weeks ago

3 Simple Credit Tips for When Cash is No Longer King

baby
Parenting4 weeks ago

Add Style To Your Kid’s Wardrobe With The Best-selling Baby Boy Clothes

nps
Insurance4 weeks ago

What is NPS Scheme and benefits?

Scoping Your Options
Facts4 weeks ago

Scoping Your Options: How To Choose The Right Scope For Your Gun

mutual funds
Marketing4 weeks ago

4 ways to calculate returns on SIP of mutual funds

Things To Consider While Choosing A Kitchen Backsplash
Home Improvement4 weeks ago

Things To Consider While Choosing A Kitchen Backsplash

AYUSH Health Insurance
Insurance3 weeks ago

All You Should Know About AYUSH Health Insurance

rehab
A - Z Health Guides3 weeks ago

Drug Addiction Treatment for married Couples find hope in Couples Rehabs

tarot
Education3 weeks ago

An Expert Explains how to do a Tarot Reading

Baking Pandoro Cake With Utmost Perfection in Italian Style
Food4 weeks ago

Baking Pandoro Cake With Utmost Perfection in Italian Style

online gaming
Sports2 weeks ago

Gaming Online in the US: How and Where

How to Protect Your SD Card and Decrypt SD Card
Tech2 weeks ago

How to Protect Your SD Card and Decrypt SD Card

Online Learning
Education3 weeks ago

E-Learning Not the Same as Learning

Fake News Regarding COVID-19
News2 weeks ago

Stop Kids from Getting Exposed To Fake News Regarding COVID-19

What Is Vocational Adjustment & How Does It Affect My SSD Claim?
News2 weeks ago

What Is Vocational Adjustment & How Does It Affect My SSD Claim?

las vegas
Celebrities2 weeks ago

The Long History of Celebrity Car Wrecks in Las Vegas

How to Replace an Evaporator Coil
Home Improvement2 weeks ago

How to Replace an Evaporator Coil

children
children2 weeks ago

Why Your Kids Need Special Hair Products

streaming
Entertainment2 weeks ago

How to Enjoy Online Streaming For Free While Quarantine?

How to Dig a Trench for a Sewer Line Replacement
Home Improvement2 weeks ago

How to Dig a Trench for a Sewer Line Replacement

home equipment
Fitness2 weeks ago

How to Train at Home during the Quarantine: Tips & Trick

How to Choose Watches for Women
Fashion2 weeks ago

How to Choose Watches for Women

finance
Finance1 week ago

Questions to Ask Before You Take Out a Loan

Water Damage Restoration Steps
Home Improvement2 weeks ago

Water Damage Restoration Steps

Trending