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