Why Apple Stock is Falling Today 3.8%

Why Apple Stock is Falling Today

In this post, we are going to talk about Why Apple Stock is Falling Today (NASDAQ: AAPL) 3.8% on 3 Jan 2023.

Why Apple Stock is Falling Today?

On the first trading day of 2023, Apple Inc’s market value dropped below $2 trillion as its stock fell by almost 4% following a rating downgrade due to production disruptions in China.

Apple was the first company to reach a market value of $3 trillion on January 3 of the previous year.

According to a report by thefly.com, Exane BNP Paribas analyst Jerome Ramel downgraded Apple’s rating to “neutral” from “outperform” and lowered the price target to $140 from $180.

Our Suggestion on Apple Stock:

According to us, those who want to buy apple stocks for the long term, now is the best time to invest in the stock of apple company.

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