An Android mascot is seen in front of a displayed logo of Apple in this photo illustration taken in Zenica, Bosnia and Herzegovina, May 5, 2015. REUTERS/Dado Ruvic
SAN FRANCISCO: Shares of Apple sank below US$90 (RM362.21) for the first time in nearly two years during trade on May 12, ceding the title of the world’s largest company by market valuation to Google.
With investors souring on the outlook for sales of its iPhones and iPads, and no new blockbuster consumer electronics product in its offerings, Apple shares fell sharply to US$89.47 (RM361.53) in early trade before coming back to end the day off 2.4% at US$90.34 (RM365.04).
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