In 2020, tech giant Apple made headlines by breaking the record for the largest single-day financial loss, as reported by financial news source Barron’s.
The day was September 3rd 2020 when the California based company Apple lost a staggering $180 billion in one day. The company currently has an astonishing value of $2.86 trillion so that would mean Apple lost approximately six percent of it’s entire value in one day.
However, despite enduring what could be considered one of its worst fiscal setbacks, Apple managed to rebound throughout the year. By January 2021, the company had made a remarkable recovery, finishing the year with a 65 percent increase in market value.
With the release of new and groundbreaking products such as the iPhone 15 and more notably the Apple Vision Pro headset which has taken the world and social media alight due to it’s futuristic concept that has potential to begin a new era not only for Apple but for the technology sector as a whole, it is fair to say that Apple have gone from strength to strength since their abysmal day in 2020.
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