Apple shares have fallen

Акции Apple обвалились

The disappointing forecast, the most expensive in the world of technology companies led to the fall of Apple stock at 7 percent.

Apple’s market capitalization fell below $ 1 trillion because of disappointing sales forecast in Q4, according to Reuters.

Apple Inc has warned that sales in the holiday quarter, likely will not meet the expectations of wall street, CEO Tim cook explained the weakness in emerging markets and foreign exchange costs.

The disappointing forecast, the most expensive in the world of technology companies led to the fall of Apple stock at 7 percent, depriving the company of approximately $ 70 billion market capitalization, which fell below $ 1 trillion.

The forecast also may increase investors ‘ anxiety about the technological companies, whose shares are subjected to sale due to weaker than anticipated results Amazon and Google.

Apple expects to receive revenue in the range of from 89 billion to 93 billion dollars in the first fiscal quarter ending in December.

Recall that earlier, Apple reported record financial performance for the fourth quarter of 2018 fiscal year, which ended September 29. The company increased its net profit by 31.8% – and 14, $ 1 billion in comparison to R10,7 billion in the same period last year.

Apple also said that starting with the current quarter, they will cease to publish data on sales of devices in the units. A number of analysts recommends investors to perceive it as a sign of the expected reduction in sales and the desire of the company to hide failure.

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