More than $1trillion (£840billion) has been wiped off the value of Apple since its peak as tech stocks are hit by a range of factors including surging inflation.
The share price of the iPhone maker hit highs of just under $180 in the last year, but have since tumbled dramatically.
They closed yesterday at just $125.
The Telegraph says there are mounting concerns over Apple's global supply chain and a wider sell-off in the US.
The company was valued at just below $2trillion on Thursday - down from a peak of $3trillion at the start of 2022.
The plunge means there are no longer any companies left worth more than $2 trillion, after Microsoft and Saudi Arabian oil behemoth Saudi Aramco retreated in 2022.
Fears
Apple shares have been falling for months amid fears about iPhone production problems in China.
Hundreds of workers at its supplier Foxconn's flagship iPhone plant rioted in November over Covid restrictions.
iPhones are one of Apple's biggest revenue drivers, generating around $200billion in sales for the company over the last year.
Another Apple supplier, Murata Manufacturing Co, said it expected the tech company to reduce iPhone 14 production plans further in the coming months.
Murata's president Norio Nakajima said: "Judging by handset availability in stores, I see a downward revision happening. I hope that it won't be too deep."
Meanwhile, Nikkei reported on Monday that Apple has told several suppliers to make fewer components for some products, including AirPods, the Apple Watch and MacBooks, given weakening demand.
Worst month
December was Apple's worst month since May 2019 with a decline of 12%, which exceeded the 9% decline for the tech-heavy Nasdaq index in the same period.
The four largest US technology companies have lost more than $3 trillion in market value in 2022 amid soaring inflation and slowing sales growth which had surged during the pandemic.
FTSE 100
The UK's top share index, the FTSE 100, was up 26 points at 7,659 shortly after opening this morning, following yesterday's 48-point gain.
No FTSE 350 companies are due to report today.
Brent crude futures were marginally higher by 0.24% at $78.89 a barrel.