Apple Stock Plummets as Weak Forecast Costs Investors $480B

Apple is expected to lose nearly half a trillion dollars in value after releasing a weak forecast. The tech giant's shares have taken a significant hit following its latest earnings report.

The company's stock price plummeted as investors reacted to Apple's disappointing guidance, which fell short of expectations. As a result, the tech firm is set to lose around $480 billion in market value.

This loss represents approximately 15% of Apple's current market capitalization. The decline has been attributed to the company's failure to meet investor expectations, particularly regarding its revenue growth.