Apple shares reached an annual minimum. Market capitalization fell by a third
Since October, Apple shares fell by 36% and reached a minimum value for the last 52 weeks. Now, the company’s capitalization is “only” 715 billion.
Analysts predict that such a reduction indicates further deterioration of the situation. Now one share is trading at a price of about $ 149, but traders are advised to prepare for worst case scenarios — up to $ 144 per security.
It is reported that the capitalization of the company has knocked down reports of reduced production orders for the new iPhone models. Such news was run for several months. For example, in November, analyst Ming-Chi Kuo has reduced the forecast for sales of iPhone XR 30 million units. The speculation intensified, and by the fact that Apple decided not to disclose exact data on number of products sold in its public statements to investors.
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