On, August 2, Apple became the World's First Trillion-Dollar Company at $207.05 per share. Hooray!

On October 3, Apple had a peak market cap of about $1.138 trillion.

Today, Apple's market cap is about $675 billion. That's a record market cap loss of $463 billion in three short months.

Expect more stories similar to this, but this may be hard to top. Amazon has a chance but it needs a big disaster soon.

Mike "Mish" Shedlock

Apple Grab: How Should Ireland and US Respond to EU €13 Billion Ruling Against Apple?

On Tuesday, the EU ruled Ireland granted illegal favoritism to Apple and hit the company with a record €13 Billion ($14.5 Billion) penalty.

Congratulations Debt Slaves! You Owe the Banks a New Record Amount of Money

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China Infiltrated 30 US Companies Including Apple and Amazon with Hardware Hack

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Record Buybacks at Worst Possible Time

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Apple, Microsoft Bow to Increasing China Censorship: "It's Temporary"

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Gold Bears Press Bets in Record Numbers

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Average New Vehicle Auto Payment Hits Record High $523 Per Month

The average size of a loan for a new car in the U.S. set a record in the first quarter as did the average payment.

Wanna Buy, Wanna Buy: Alibaba Singles' Day has Record $30.8 Billion Sales

Alibaba smashed its Singles Day sales record on Sunday with $30.8 billion in sales, over $1 billion in the first minute.

Buybacks and Dividends On Record $Trillion Pace

At the current pace, 2018 will mark the first year that corporate buybacks and dividends top the $trillion mark.