Monday , May 17 2021

Apple falls to 18-month falls and pulls Wall Street

Reducing his sales projections, which featured a commercial war, had an impact on the work of the technology giant.

All eyes were at the opening of Wall Street on Thursday after Apple lowered its sales projections for the last quarter after closing operations on Wednesday.

The US paper giant's pole piece fell 9.66% to 142.66 USD, the lowest value since mid-July 2017. If it keeps this trend, it would be its worst daily downfall since 2013.

The company, which became the first to capitalize over $ 1 billion last year, world-leading by market value, has now fallen the fourth position in the world, below the alphabet, with $ 686,700 million, after losing its lead in Amazon and Microsoft by the end of 2018.

Yesterday after the closing of the market, the company, which was founded by Steve Jobs, lowered its fourth quarter revenue forecast, citing low sales in China and a drop in iPhone update rates, causing a caution on the effects of a commercial war that fought Washington and Beijing.

At least fifteen analysts have lowered their price targets for signatures, and Wedbush was the most aggressive, with a drop between $ 75 and $ 200, which is slightly over the average of $ 196.

Concerns about Apple's appearance affect the major US stock market indices. At this time industrial Dow Jones falls for 2.47%, while Nasdaq composed primarily of technological, lose 2.19%.

Anuque the S & P 500 resisted the trend of the first hours of business, with the support of the billions of dollars of the sale agreement between Bristol-Myers Squibb and Celgene, which eventually dropped and now come back 2,25%.

"The fact that Tim Cook and his company mention China as a reason for slowing the company's perspective are affecting pressure, and investors have already been upset," Bloomberg's Greg McKenna, Bloomberg's market strategist, told Bloomberg. McKenna Macro.

There was also an impact on Apple's suppliers. Chip manufacturers, such as Cirrus Logic, Skyworks Solutions, Analog Devices, Broadcom, NXP Semiconductors, and Micron Technology, have been withdrawn because of bad news from their clients.

Effects Abroad

In the morning, fears came first in Europe, with losses of varying size on the main stock exchanges of the continent. Over time, the highest indices are in the field of red numbers, but with contained falls.

EuroStoxx 50 was down 0.49%, while French CAC and German DAX achieved 0.72% and 0.77% respectively. FTSE London was disbanded with a gain of 0.16%.

In Asia, there are also experienced losses, but milder: Hong Kong shares have lost 0.26%, while those in China, grouped in CSI 300, fell by 0.16% today.

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