Apple’s market valuation on shaky ground

Apple derived 18.7% of its fiscal 2021 revenue and more than 30% of gross profit from services

Apple stock also has the lowest share of analyst buy ratings in more than a year. Picture: Toru Hanai/Bloomberg

Apple’s run as a $3tn (€2.8tn) stock proved fleeting. Now its grip on a tn (€1.9tn) market value is looking wobbly, too.

After briefly surpassing $3tn in January, the iPhone maker has lost more than $800bn (€770bn) in capitalisation as tech stocks plunged.