Apple’s market value falls below $2 trillion for the first time since 2021

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Apple was the first company to hit $3 trillion in market value on Jan. 3 last year.

Exane BNP Paribas (OTC:BNPQY) analyst Jerome Ramel downgraded Apple to “neutral” from “outperform” with a price target cut to $140 from $180, according to a report by thefly.com.

The iPhone maker’s shares were down about 4% at $124.65.