Apple shares fell by 38% and pulled the main world indices

Jan

6

2019

Probably, it is no secret to anyone that Apple is going through hard times. Yesterday, Tim Cook, CEO of the company, published an open letter to investors, in which he indicated the need to revise the expected revenue for the first quarter of 2019. This led to very sad consequences – the shares of the American corporation fell by a record 9 percent in just one night. And it seems that this is only the beginning.

The fall in Apple shares began in early October, when their peak price was about $ 232 apiece. And now let’s take a look at what has changed since that moment.

In just 3 months (!), The stock slipped by more than 38%. And yesterday was another big blow for Apple – the fall in the value of securities in just a day was almost 10%. This is the biggest decline since 2002. Of course, such a significant decline could not but affect the market capitalization of Apple. The corporation, which more recently cost more than a trillion dollars and was the most expensive company in the world, currently ranks only fourth, losing its position to Microsoft, Amazon and Google.

Amid a negative outlook, Apple also sagged global stock indices. For example, the Nasdaq Composite showed a drop of 3%, and the Dow Jones Industrial Average – by 2.8%. According to experts, this may also be directly related to the slowdown in global economic growth and the problems of the US and China in the trade sphere.

It is not yet known how events will develop in the future, but let us hope that this crisis will not be protracted.

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In: A Technology & Gadgets Asked By: [23633 Red Star Level]

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