Apple loses the bar of the trillion dollars



[ad_1]

In just three months, Apple has surpassed Wall Street's $ 1 trillion in market capitalization and has become the only public company to reach that figure, lose it and close at $ 973.665 million.

The technology giant's price target has been downgraded twice since last Thursday, when Apple released its quarterly report, resulting in a 9.28% loss in its shares in two days for s & # s To $ 201.59.

On Monday, Apple's shares fell 2.84%, their lowest level in three months.

Yesterday, the CNBC portal announced that the brokerage Rosenblatt Securities had lowered Monday the target price of Apple, arguing that it would not comply with the manufacture and sale of the iPhone.

In fact, the brokerage has changed its recommendation regarding the stock of the technology of purchase to make it neutral, indicating to its customers that it would be difficult for Apple to compensate for its low sales with such high prices in the second half of the year. 2019.

Apple's shares were also downgraded on Friday by Bank of America Merrill Lynch.

Last Friday, Apple's shares fell 6.6% a day after its disappointing quarterly report on the sale of iPhone.

Last Friday, Apple recorded its fifth weekly decline on the New York Stock Exchange for the first time since 2012.

Exceed Amazon

Yesterday, Amazon ceased to be the second largest technology company in New York, ceding its site to Microsoft.

In fact, the capitalization value of the e-commerce giant is $ 795,943 million, compared to $ 825,270 million of the signature Bill Gates would have found.

The fall of Amazon shares is partly explained by statements by US President Donald Trump that his administration would investigate antitrust violations by the online retail giant.

Since October 1, Amazon.com shares have recorded a loss of 18.79% on Wall Street, with a market capitalization loss of $ 181.666 million.

[email protected]

[ad_2]
Source link