Apple fell from the top three most expensive companies in the world

On January 3rd, Apple is ranked among the three most expensive companies in the world, with a 9% drop in the value of its shares. This is reported by ain.ua with reference to 9to5Mac.

After Apple's Tim Cook's letter, Apple announced a drop in revenue reporting a drop in revenue for the first quarter of 2019. Cook said the drop in iPhone sales in China should lead to lower revenues. The reason is the slowdown in the country's economy in 2018 and its trade disputes with the United States.

The fall of stocks has made Apple the fourth largest list of public companies in the world. Today, Microsoft is the first ($ 747 billion), followed by Amazon ($ 733 billion) and Alphabet ($ 713 billion), and Apple ($ 674 billion).

Previously, it was reported that on January 3, at the close of trading on NASDAQ stock exchanges, Apple lost 9.96% of the price and ended the session at $ 142.19. It should be noted that for a company whose capital has already exceeded $ 1 trillion a long time ago, it's a hard blow.

Thus, the company's capitalization decreased to $ 674.7 billion. It was noted that the price of the shares had fallen after company president Tom Cook turned to investors.

He said the company had revised its forecast for the first quarter of its sales, as iPhone sales in emerging markets slowed considerably. First of all, it is China. However, it is not just that.

It should be noted that Huawei banned his employees from using Apple gadgets and even promised to fine him or be released if they used an iPhone or iPad. Apple has released the Color Flood video, which caused the display of Liquid Retina on the iPhone XR.

As previously reported by the Knowledge.UA portal, owners of MacBook Pro have to face the problem again, Apple shrugs.