Largest Company Downgraded

Posted on 01/02/2024

The world’s largest company by market capitalization at US$ 2.88 trillion, Apple Inc., was downgraded by Barclays due to iPhone demand dropping. This is a disappointment for major shareholders Berkshire Hathaway and Norges Bank, as well as other institutional holders and the Nasdaq index. The Nasdaq is down 1.89% on the day. Apple has seen…

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