It took just 12 trading sessions for Apple to plunge more than 20% from its all-time high, shedding more than half a trillion in market capitalization. The tech giant has plunged 22.6% from its intraday record high of $137.98 from Sept. 2, losing around $532 billion in market value. Apple’s fast and furious decline followed its massive run-up in August ahead of its 4-for-1 stock split. Although, the fundamental background remains very solid for the company. According to Bloomberg analysis, they see sales of $283 billion in fiscal 2020 and $331 billion in 2021, implying 9% and 17% growth, respectively.

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