Apple loses $450 billion in market cap in the last 3 months
Shares of the world's first trillion-dollar public company, Apple, have fallen over 38% between October 2018 and January 2019, costing it over $450 billion in market capitalisation. CEO Tim Cook recently cut Apple's quarterly revenue forecast for the first time in nearly 20 years, adding the company expects to make $84 billion, lower than the previous estimate of $89-93 billion.