Apple Inc. recorded an all-time low on Thursday, thereby pulling chip stock lower and dragging Nasdaq Composite into to bear market territory, after a shock revenue warning from the world's biggest tech company.
In a swift reaction to the alleged withdrawal of Teleology from 9mobile, the company on Thursday made an official comment that the former MTN Chief Executive, Adrian Wood, was unserious and did not help much in acquiring 9Mobile.
Apple, Looses Position As The Most Valuable Company In The World
After halting stock trading on 3rd January 2018 to announce a revenue projection reduction of about $9 billion, Apple stock opened on Thursday 4th January 2018 at $144. It was around a $14 drop from its already plummeting price when the markets closed on Wednesday.