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Apple’s market cap is down $1 trillion from its peak exactly one year ago.

On January 3rd, 2022, the value of Apple’s shares briefly crossed $3 trillion.

Today, on January 3rd, 2023, the value of $AAPL shares fell to 125.07 at the market’s close, a 52-week low that sets its market cap at a frankly piddling $1.99 trillion. Now analysts are predicting a slight decline in revenue when Apple releases its latest quarterly earnings report in a few weeks.

The share price is down amid greater economic and interest rate concerns (see, it’s not just Tesla and crypto taking a beating), as well as gloomy news about both iPhone production and demand.