Apple’s total market capitalization closed at $1.99 trillion on Tuesday, falling below $2 trillion for the first time in 21 months. Apple’s market value exceeded $2 trillion for the first time in August 2020. In the past year, major technology stocks have shown a downward trend. Apple’s stock is still relatively strong, but the problems of its foundry Foxconn’s Zhengzhou factory have been plagued by Apple recently. The Zhengzhou factory has severely affected the production capacity of Apple’s main products due to epidemic-related problems.
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