Apple’s stock has started 2024 on a sour note, but there’s some good news

  • Apple’s stock has fallen for the first four trading days of the year, a trend not seen since 1982
  • However, Apple’s stock rallied 35% in 1982 after a similar start
  • Apple has lost $193 billion in market capitalization during its current losing streak
  • Microsoft is closing in on overtaking Apple as the most valuable U.S. company
  • Apple is facing a patent dispute and potential antitrust lawsuit

Apple Inc.’s stock has had a rough start to 2024, with declines in each of the first four trading sessions. This is the first time since 1982 that Apple shares have closed lower for the first four trading days of the year. However, history shows that Apple’s stock can recover from a slow start, as it rallied 35% in 1982. Despite the recent decline, Apple remains a valuable company, although Microsoft is closing in on overtaking it as the most valuable U.S. company. Apple is also facing challenges, including a patent dispute over its Apple Watch Series 9 and Apple Watch Ultra 2, as well as a potential antitrust lawsuit from the Department of Justice. These factors have contributed to a loss of $193 billion in market capitalization for Apple during its current losing streak.

Public Companies: Apple Inc. (AAPL), Microsoft Corp. (MSFT)
Private Companies:
Key People:

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Factuality Level: 7
Justification: The article provides factual information about Apple’s stock performance and market capitalization. However, it includes some tangential information about Apple’s stock performance in 1982 and the potential legal issues the company may face. Overall, the article is mostly factual but contains some unnecessary details and tangents.

Noise Level: 3
Justification: The article contains some relevant information about Apple’s stock performance and potential legal issues. However, it also includes filler content such as a mention of text-to-speech technology and a request for feedback. The article lacks in-depth analysis, evidence, and actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: Apple Inc.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to Apple Inc.’s stock performance and potential legal issues, which are relevant to financial markets. There is no mention of an extreme event.

Reported publicly: www.marketwatch.com