The fall and did not think to stop.
Apple shares continue for a long period of decline that started after the first rumors about the not very successful sales of the iPhone XR. In recent days Apple securities fell by 3.96%, the total fall of less than two months now is 20.3%. The reason of the falling Apple called yesterday’s publication of The Wall Street Journal that the company has cut production of the iPhone XS, Max XS iPhone and iPhone XR.
October 3, 2018, shares of Apple peaked in history. Due to this, Apple was the only company, the capitalization of which exceeded one trillion dollars.
However, after that, Apple began a decline that continues until now. Initially, Apple shares sank because of leaks that the iPhone XR did not meet the expectations of the company. Next, Apple unexpectedly announced that it will no longer disclose accurate data on the number of sold iPhone, iPad and Mac. Did not like investors. And at the beginning of the week Apple “finished off” the publication of the WSJ that production of the iPhone XS iPhone XS iPhone Max and XR is seriously reduced.
Apple’s stock fell to its 52-week low. It is noteworthy that the shares of other leading technology of American corporations is also falling rapidly. Shares of Facebook, Amazon, Google (a holding company, which is owned by Google) and Netflix for the last two months fell on average by 20%. Analysts believe that the decline is temporary, however, investors are wary.