Apple stocks dropped eight percent last week, wiping a whopping $180 billion (£160bn) off its market value
the biggest one day loss ever recorded by a US company.
The iPhone maker saw its stocks tumble on Thursday (3 September) and earned the not-so-welcome title of the US's biggest one day market cap loss
Prior to last week, Facebook's July 2018 fall of 19 percent - or $119 billion (£107bn) in market value - was the biggest.
But there probably won't be too many tears from CEO Tim Cook, as Apple's worth dipped just weeks after it became the first US company to hit a market value of $2 trillion (£1.5 trillion).
The $2 trillion valuation was all the more incredible because prior to mid-March its value was just under the $1 trillion (£758bn) mark,
The company hit $1 trillion in August 2018 and then grew rapidly over the next couple of years thanks to its various phones, gadgets, subscription services and its original TV and movies.
