Apple (AAPL (opens in new tab)) inventory has rebounded sharply this yr after a terrible 2022, but shares still continue being effectively down below their all-time substantial.

Even after getting approximately 19% for the calendar year-to-date – vs. a 5.8% rise in the S&P 500 – Apple stock is still some 17% beneath its record shut of early 2022. In the course of action, Apple’s current market capitalization has dropped to $2.45 trillion from $2.97 trillion – a reduction of extra than a half-trillion dollars in shareholder value. 


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