Apple’s market value evaporated by $150 billion overnight as iPhone 14 launch nears

September 16 (the day after tomorrow) is the release date of the iPhone 14 series. According to the practice of previous years, this day will be the day when consumers around the world line up in advance and rush to open the door at 8 o’clock to buy.

And judging from the major upgrade of the iPhone 14 Pro this year, the rush to buy should far exceed the effect of the previous two years.

However, just before the launch event, Apple took a nosedive.

It is reported that on September 13, local time, the three major U.S. stock indexes plummeted across the board, and a number of technology giants led by Apple plummeted.

Apple fell 5.87%, Tesla fell 4.04%, Amazon fell 7.06%, Google A fell 5.90%, Microsoft fell 5.5%, Meta fell 9.37%, and the total market value evaporated 500 billion US dollars.

Among them, Apple’s market value evaporated by 150 billion US dollars overnight, or about 1,045.6 billion yuan, which is a heavy loss.

According to the current price of the most expensive iPhone 14 Pro Max 1TB version in the iPhone 14 series at 13,499 yuan, Apple needs to sell 77 million units to make up for this loss, which is only approximate revenue, not profit.