Stay 
Apple Inc.
has lost the status of the most valuable US company as its market value sank
below $1 trillion. The reason for that is not a slump in the value of
its shares and not a complete collapse of the world's largest smartphone maker.
As skilled market participants would say, this is just a normal price swing.
The company’s capitalization dropped by only 3 percent below the mark of 1
trillion dollars, the cherished milestone. On the one hand, a 3% change
in value is measured by huge money. For instance, it may be equal to the value
of 6 companies like Gazprom or 4 companies like Sberbank, both Russia's giants.
However, within the scope of
the top player in the tech scene such decline is not so critical.
Apple was the second in the world and the first in America to hit the $1 trillion mark in value. But soon it slipped below that market cap. Petrochina was the first $1 trillion company in the world in 2007. However, it was not there for long. As history shows, the total value of the company cannot be so high, therefore,it began to tumble. The Internet giant Amazon was the third to touch $1,000,000,000,000 for a short time and dipped below that mark even sooner than its predecessors. The company’s shares have already lost about 20 percent of their highs. Russian companies, associations, have never reached such a superior status. Nevertheless, back in 2008 Alexei Miller, the head of Gazprom, promised that by 2014 the company would become the first in the world with $1 trillion market cap. At the end of 2018 Gazprom is worth $54 billion. So, not all “Dreams,” as Gazprom’s slogan has it “come true”.
© Instant Trading EU Ltd
