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Apple, Amazon Poised for $180 Billion Loss of Value: Tech Watch

-- Apple Inc. and Amazon.com Inc. shares are set to shed more than $180 billion in combined market value after the technology giants served notice of a difficult holiday season and reported disappointing earnings.Apple fell as much as 3.8% in U.S. premarket trading after Chief Executive Officer Tim Cook said supply constraints were affecting most of its products. Amazon dropped nearly 5% after warning that high costs could wipe out any profit in its most important quarter of the year.Still, mos
Apple, Amazon Poised for $180 Billion Loss of Value: Tech Watch

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  • 6e8bdc0e
    ·2021-10-29
    yup
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