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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