Apple Have Suffered A Staggering 49.3 Billion Euro Drop In Value
The drop comes just 5 months after becoming the first company valued at a trillion dollars
The tech company's blaming weaknesses in the Chinese economy for selling fewer iPhones than expected.
Apple employs over 6,000 people in Cork and has it's European headquarters in Hollyhill on the northside of the City
Business Editor with the Irish Independent, Gavin McLoughlin, says its revenues will be several billion dollars lower than it previously thought.
More from Cork
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Lord Mayor Of City Felt Privileged To Represent Cork During Such A Difficult Time As He Faces Into Last Month In Office
Councillor Joe Kavanagh will be handing over the mayoral chains outside of City Hall for the first time ever on June 18th due to the pandemic
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Expert calls for people to reduce meat intake
Eating too much meat can increase the risk of serious illnesses by as much as 30%.
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International Care Day Is Being Celebrated At The Bessborough Centre In Blackrock Today
The event highlights the positive impact of the experience of young people in care
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UPDATE: Teenage Girl Killed And Three Teenage Boys Injured In Knocknaheeny Crash
It's understood the teenage driver of the car fled the scene on foot
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Angry Farmers To Stage Protest Outside Aldi in Mitchelstown Later
They're appealing to retailers to come to the talks table
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UPDATE: Toddler Who Was Injured At Her Home On The Boreenmanna Road Has Died
The two year-old was rushed to hospital with traumatic head injuries