Inside the White House with D.C.'s most wired reporter. Sign up for Mike Allen's Axios AM.

Stories

Stagnant holiday projections puts Apple's trillion dollar valuation at risk

Apple logo
The Apple logo. Photo: Stuart C. Wilson/Getty Images

Apple's recent stock plunge could kick the company out of the $1 trillion dollar valuation club if the selloff continues, reports the Wall Street Journal.

The big picture: Apple fell 6.7% after announcing its decision to stop reporting device unit sales in future results and a weak financial outlook for the key upcoming holiday quarter. If the stock falls below $207.04 — it hit $207.30 in early morning trading — the company's valuation will fall under a trillion. However, Apple's stock is up 23% so far this year.

More stories loading.