Apple stocks have fallen to record levels: what's going on? – News from the economy – China – Infographic



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On Thursday, January 3, on the NASDAQ, the shares of the American company Apple fell 8.24% and traded at $ 144.9.

The value of the securities began to fall on Wednesday, January 2nd. According to the offers, the company's capitalization dropped to $ 687.6 billion.

The reason for the collapse was the announcement by Tim Cook of a letter to investors stating that Apple had revised its revenue forecast for the first quarter of 2019. [19659002] The company forecasts revenue between $ 89 and $ 93 billion, but is now expected to fall to $ 84 billion. This has occurred due to the sudden slowdown in iPhone sales in emerging markets, particularly China.

Cook pointed out that the management of the company was not ready to understand how the deceleration of economic growth resulting from the trade wars between China and the United States

Analysts, as reported by the BBC, are convinced that Apple's bankruptcy in China is not related to inter-state trade wars, but that the company moving local cities Oppo, Huawei and Xiaomi from the market [19659002] They also note the role of "assault" of Trump on Beijing, which explains why the "aggravated consumer patriotism" Chinese particularly contributes to the price difference between Apple and local producers.

OBOZREVATEL wrote that Apple's business figure, which did not could exceed the 60% profit forecast for a long time, did not increase even after the release of new models of iPhone. The main reason was the high prices of new items.

According to the iPhone sales calendar of the past 10 years, Apple can not benefit from the sale of smartphones.

US stock indexes fell due to the total collapse of major technology companies, whose capitalization is declining with the demand for high-tech products. It is feared that such processes will threaten a new global economic crisis.

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