Apple's stock price fell 3.74% on Tuesday, and its market value fell below the $2 trillion mark.

(Reuters file photo)

[Financial Channel/Comprehensive Report] Following the slump in 2022, the stock price of Apple (Apple), a major technology company, fell 3.74% on Tuesday (3rd), and its market value has shrunk sharply, falling below the $2 trillion mark for the first time since March 2021.

"Reuters" reported that just one year after Apple became the first company with a market value of US$3 trillion, there was a sell-off wave, with a 27% plunge in 2022.

Tuesday's lower stock price put Apple's market capitalization at $1.99 trillion, followed by Microsoft (MSFT) at $1.8 trillion.

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"Nikkei" previously quoted suppliers as saying that Apple has asked suppliers to reduce the production of components for earphones, watches and laptops, exacerbating investors' concerns that a global economic slowdown and high inflation may hurt demand for Apple devices.

With investors worried about consumer demand, most analysts expect Apple to report earnings in recent weeks that will see a 1 percent decline in revenue for the December quarter, which would be Apple's first single-digit decline since 2019. Quarterly revenue fell.

Wall Street has seen a sharp sell-off in the past year, with technology stocks being the worst.

The combined market capitalization of Apple, Microsoft, Amazon, Alphabet and Meta now accounts for about 18% of the S&P 500, down from 24% in 2020.

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