Apple lost about $ 190 billion in value during trading hours on a bourse, which it "stripped of its crown" as the "trillion dollar" company.
The loss came on Wall Street's Wall Street maker, having enjoyed strength over the past month, earning the "crown," a trophy that has never been taken by any other company.
But despite these losses, Apple remained the world's most valuable company, after hitting Wall Street losses to $ 921.41 billion.
Apple shares opened at $ 194.17 on Tuesday, down more than 5 percent on concerns Apple might not offer to boost production of new iPhone devices, according to NBC News.
Lentom, one of the companies used by Apple in face recognition technology and enhanced reality, said on Monday it had received a request from one of its biggest suppliers to cut its shipments, raising fears that sales of the latest iPhone phones may not be as big as the holiday season as it was Investors hope.
Although Lumentom did not name Apple, the iPhone manufacturer is the largest customer for Lumentom, according to the company's records.
"The latest iPhone product cycle is losing ground with Wall Street now lacking in confidence in Apple's growth story in 2019," said Daniel Evans, head of equity research at Wedbush Securities.
"Apple CEO Tim Cook and his company should restore the strength of the company through its services and growth in all sectors."
Wall Street reacted negatively to the news, which came amid reports that the low cost of $ 749 for the iPhone XR may not meet sales targets.
After Apple lost its throne, the world has, at least until now, no publicly traded company worth a trillion dollars.
It is noteworthy that Apple reached the value of "trillion dollars" on the second of last August, and a month later, Amazon suffered but only briefly.
