Falling Faster From Its Historical Peak, Apple Lost 22% in Value
On September 2, the American technology giant Apple became more valuable than ever before and reached a historical peak. From that point…
On September 2, the American technology giant Apple became more valuable than ever before and reached a historical peak. From that point…
September 2 American technology giant in history AppleIt became more valuable than ever before and reached a historical peak. From that point on, the company started to lose value rapidly, its market value more than 1 in 5 lost in just 12 trading days.
When the company's shares peak, so does the price per share. $137.98 had happened. Later, the company its shares will be divided 4 to 1 he explained. Thus, while the share price dropped by 1/4, the total number of shares quadrupled. The latest product promotion event also caused the decline to accelerate.
Promotional event was a disappointment
Tim Cook's The technology giant under its management introduced many new products, both software and hardware, at its recent event. Among these new products Apple Watch Series 6,iPad Air, Apple One It included different devices and software such as service.
Although the promoted products are impressive, people's expectations new iPhone models was to see. In addition, the lack of hardware to directly connect the service to the phone for Apple One was cited as a significant deficiency.
According to analysts, the event was well below expectations. The reason for this situation is Packages offered by Apple, it was shown that it is difficult to get people to switch to Apple services from companies they already have connections with.
The market regulates itself
AppleAlthough it reached its peak before the declines, it did not go unnoticed that a bubble was forming in the technology sector in general. Generally known for investments in high technology Nasdaq Stock Exchange After it started to tend to self-regulate, there was a loss of about 10%. Apple was also negatively affected by this situation.
However, this decline is not the end of the road for the technology giant. In fact, many analysts criticize the company's past products and possessions. huge power Citing justification, he expects Apple to find a bottom at these points and then start to rise again.
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