Apple is worth more than 920 billion dollars, against nearly 1,100 billion in early October. A blow of the towel related to the fears on its rate of growth.
Apple has been struggling lately. The stock is among the major declines in the Dow Jones index while the bad news accumulates for the manufacturer of the iPhone. The technology group has reduced its production orders in recent weeks for the three iPhone models presented in September, says the Wall Street Journal. Until now, the iPhone XR was mainly at the origin of the smallest orders from the firm to the apple. For this model, one-third of production plans were cut, with 70 million copies to be made between September and February.
The first company to exceed $ 1,000 billion in capitalization, Apple has seen flying $ 200 billion since early October. He then weighed 1090 billion dollars on the stock market. Since October, Apple has disappointed by presenting disappointing prospects for the strategic quarter of the holiday season and deciding not to communicate in the future on sold volumes of iPhone. These decisions have been criticized by analysts because it makes it more difficult to monitor value. This publication has been followed by several press articles on the reduction of iPhone production, which have been validated by several profit warning from Apple suppliers: Japan Display, Lumentum, IQE, Qorvo and AMS.
>> To read also – The plunge of the GAFA on the stock market could kick off a crash
>> On video – We visited the new Apple Store on the Champs-Élysées
>> Join the Capital Club des Boursicoteurs on Facebook (click on the image)
>> Our service – Test our comparator of life insurance