After receiving a rare rating downgrading, Apple's market worth dropped by 120 billion dollars in only one day.

There was a 4.9% decrease in the price of Apple shares.

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The shares of Apple plunged sharply when the Bank of America lowered its rating for the company to neutral.

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The price of other technology firms, including as Meta, Amazon, and Alphabet, fell by between 3% and 4% respectively.

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The market valuation of the most valuable corporation in the world, which was about $2.3 trillion in 2022, has since decreased by around 20%.

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The outlook for Apple's business in the long run is positive though.

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For a significant portion of 2022, Apple has been seen as a safe haven.

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It would be interesting how Apple is going to perform in the coming months of this year!

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