Apple’s share returned 3.7 percent on Tuesday and is now worth almost 1,900 billion euros. Due to the stock market crash, there are currently no companies with a value above two trillion dollars. In 2022, Microsoft and the oil company Saudi Aramco already fell below that symbolic limit.
Apple’s share price fell following a report from the Japanese business newspaper Nikkei. After a survey of Asian suppliers, they concluded that they have been asked to produce fewer parts for AirPods, MacBooks and Apple Watches. Last fall, Apple had already lowered its production target for the latest iPhones.
In addition, there were problems with the production of iPhones at the end of November. For example, there were protests in the world’s largest factory where the smartphone is produced. These arose from frustration with the lockdown due to the corona virus and problems with the payment of wages.
Due to these corona measures, Apple had to report at the beginning of November that customers would have to wait longer for the delivery of their iPhone 14 Pro or iPhone 14 Pro Max.