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 Apple Lost $57 Billion in a Day

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Capricorn Snake
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PostSubject: Apple Lost $57 Billion in a Day   4th January 2019, 18:01

Even though 2019 is still not good for Apple. After having to announce the decline in revenue projections for the first quarter of 2019, Apple's shares and valuations are now freefall.

Apple's stock value plummeted to almost 10% compared to Thursday (3/1), after Apple CEO Tim Cook announced a decline in income projections. Apple's stock value became USD 142.19 per share when the market closed and was the lowest value since July 2017. Ragnarok Mobile Eternal Love Cooking Recipe

The fall in the value of Apple's stock also affected its valuation value. The Cupertino-based company, the US is forced to lose USD 57 billion (Rp 814 trillion). This makes the company that previously had a valuation value of USD 1 trillion now "only" has a valuation below USD 700 billion.

This makes Apple occupy the fourth position in the ranking of the most valuable public companies. Even though only two months ago they occupied the top position. Now Apple's position is under Microsoft, Amazon, and Google's parent company, Alphabet.

Since becoming the first company to have a market cap of USD 1 trillion last year, Apple's valuation has continued to decline. At its peak, Apple had a valuation of USD 1.1 trillion. But since then they have lost around USD 450 billion. Cooking Recipe Ragnarok Eternal Love

Apple's misfortune earlier this year spread to their supply partners. Like AMS, a company that makes face recognition sensors for the iPhone X. The Austrian company has a domino effect and loses 20% of their market cap.

Apple itself has lowered their revenue projections from around USD 89 billion to USD 93 billion to USD 84 billion. This is due to several factors such as declining demand for the iPhone, China's economy which was weakened due to trade wars, to an increasingly cheap iPhone battery replacement program. Ragnarok Eternal Love Cooking Recipe
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PostSubject: Re: Apple Lost $57 Billion in a Day   9th March 2019, 10:43

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Apple Lost $57 Billion in a Day

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