Thursday, November 28, 2019
Apple has had an incredible decade. Since the iPhone debuted in 2007, the company's sales have jumped tenfold. The stock has soared over 700%.
And up until last November, it was the world's largest publicly traded company.
But two weeks ago, Apple issued a rare warning that shocked investors.
For the first time since 2002, the company slashed its earnings forecast. The stock plunged 10% for its worst day in six years.
This capped off a horrible few months in which Apple stock crashed about 35% from its November peak.
That erased $446 billion in shareholder value"the biggest wipeout of wealth in a single stock ever.
And it's only the beginning ...
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