Apple is facing growing pressure over its position as the world’s most valuable company, with analysts warning that the technology giant could potentially lose around $500 billion in market value amid concerns over its business outlook.
According to media reports, a chip shortage could disrupt Apple’s supply chain and create additional challenges for the company. Analysts have also raised concerns about slower-than-expected growth in Apple’s services business and continued pressure on its supply chain.
The company’s weaker financial outlook has further unsettled investors. According to British media reports cited by the Urdu report, Apple shares fell by nearly 10% on Friday, raising the possibility of a significant decline in the company’s market capitalization.
The developments have increased concerns among investors about Apple’s near-term performance and its ability to maintain its position at the top of the global corporate valuation rankings.
