iPhone 12 LAUNCH: APPLE LOST NEARLY $81 BILLION IN MARKET VALUE AS SHARES SLUMPED 4%

Highlights

• The new iPhone 12 arrives with a 6.1-inch display and has flat sides with a flush display

• Apple said that all iPhone 12 models in the U.S. will support millimeter wave 5G and also the lower-frequency bands

• Immediately after the launch, the stocks of Apple fell to intraday low of $119.65 per share that resulted in wiping $81 billion in market value from Apple’s worth

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