(Bloomberg) -- Apple Inc. is taking a beating in the stock market after cutting its revenue outlook.
ADVERTISEMENT
The iPhone maker’s drubbing drops it to fourth place in terms of U.S. companies by market capitalization, behind Microsoft, Amazon and Google parent Alphabet. As recently as the start of December, Apple was No. 1.
ADVERTISEMENT
For more on Apple’s cuts to its sales forecast, click here for our TOPLive blog.
©2019 Bloomberg L.P.
RECOMMENDED FOR YOU
POPULAR
1
'More Worried About Reputational Impact Than Financial Impact,' Says Kotak Mahindra Bank CEO On RBI Curbs
2
IGX Expects Trading In Green Gas Certificates To Start Early Next Year
3
M&M Financial Q4 Results: Profit Falls 9.5%, Misses Estimates
4
Mahindra Finance Fraud At Mizoram Branch Impacted Q4 Profit By Rs 135.86 Crore
5