Apple briefly fell below $1 trillion in market value in the last 10 minutes of Friday's session, threatening a title that the iPhone maker has hung onto since October.
While Apple shares pared their loss by the close, finishing the week valued at $1.003 trillion, the stock again teetered around the 13-digit threshold in after hours trading. In the wake of coronavirus, the company has been hampered by supply-chain worries in China and has closed stores everywhere else.
Also Read: Apple to donate millions of masks for health professionals fighting COVID-19, says Tim Cook
Microsoft, the only other US member of the trillion-dollar club, has managed to cling on despite the historic market rout. The company's shares are down 23% since virus concern gained steam in late February and it ended the week with a market value of $1.04 trillion.
Apple has fallen 27% since February 21. Both stocks are still holding up better than the S&P 500, which is down 32% since reaching a record on February 19.
Coronavirus-related weakness has already evicted two names from the thirteen-digit club: Amazon and Google-parent Alphabet both rose above the threshold earlier this year but fell back below $1 trillion in late February.
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