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FX.co ★ Apple Inc. market cap drop by 90bn US dollars in 2 weeks

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Forex Humor:::2015-08-12T07:10:00

Apple Inc. market cap drop by 90bn US dollars in 2 weeks

As for August 6, 2015 the market value of the US incorporated company Apple shrank by 90bn US dollars compared to the figures of July 20, 2015.
Such a drastic drop was reported by Business Insider with the reference to CNBC TV channel.
The calculation is based on the number of the emitted stocks and two-week decline in their market price.
This year on June 20, a day before the release of Q3 2015 figures, the price of one Apple's stock was 130.97 US dollars.
According to Yahoo Finance data, nowadays the capitalization of Apple Inc. stands at 656.21bn US dollars. Apple reached its highest price last February, when the corporation from Cupertino was estimated at 765bn US dollars.

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