Apple's Lost Value Is Bigger Than The Combined Market Caps Of 54 S&P 500 Companies

Apple’s stock stock price has been getting clobbered since closing at $702.10 on September 19, 2012.

In a new note, Oppenheimer’s chief market strategist John Stoltzfus puts Apple’s decline in perspective.

Apple has “been a drag on not only the Information Technology sector [but] broad markets”.  From September 19 to December 14, Apple’s market cap fell from $658.15 billion to $479.56 billion, a loss of $178.59 billion, notes Stoltzfus:

“If we list all 500 companies in the S&P 500 index in order by smallest to largest market cap, the value erased by Apple’s decline exceeds the cumulative total value of the 54 smallest companies–more than 10% of the companies in the entire S&P 500 index.”

Again, that’s over 50 companies. Here’s a chart showing that stunning decline:

apple stock chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

apple moneygame-us