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Home / Business / Despite the worst stock price decline since 2014, Apple is still worth a trillion dollars

Despite the worst stock price decline since 2014, Apple is still worth a trillion dollars



Shares of Apple Inc.

AAPL, -6.63%

closed 6.6% on Friday after the company made a disappointing forecast for the December quarter, announcing that it no longer reported sales in its earnings reports. The decline, Apple's worst percentage in one day since January 2014, has delivered the company with a closing market value of just over a trillion dollars, based on the 4.83 billion number of shares it did in its last 10-Q submission Apple announced in July is expected to disclose a lower number of shares in the coming 1

0-Q quarter for the September quarter. Apple's decision to stop selling volumes triggered a debate among Wall Street analysts, and the report also led to price cuts at Morgan Stanley and BMO Capital Markets. Apple shares rose 22% in the last 12 months, while the Dow Jones Industrial Average

DJIA, -0.43%

of which Apple is a component, has increased by 7.4%.

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