Friday , January 15 2021

Apple is blooming for 18-month lows and pulling Wall Street

The cut in its sales forecasts, quoting the commercial war, affects the actions of technological giants.

All eyes were on the opening of Wall Street Thursday, after Apple cut its sales forecast for the last quarter after the completion of operations on Wednesday.

Half a joranda paper from the US technological giant dropped 9.66% to US $ 142.66, The lowest value since mid July 2017. If it keeps the trend, this would be the worst daily fall since 2013.

The company, which last year became the first to achieve widespread capitalization of more than DKK 1 billion. USD, led the world to market value, now fell the fourth world position, under the alphabet, US $ 686.7 million after losing its leadership to Amazon and Microsoft in late 2018.

Yesterday after the completion of the market, the company founded by Steve Jobs cut its revenue forecast for the fourth quarter, referring to weak sales in China and a decline in the speed of iPhone updates, which averted the alarms of the effects of commercial war confronting Washington and Beijing.

At least fifteen analysts downgraded their price targets for the signature papers, and Wedbush was the most aggressive, with a fall of US $ 75 to US $ 200, slightly more than the US $ 196 average.

Anxiety about the outlook for Apple affects the main US stock indices. At this point it is industrial Dow Jones drops 2.47%, man Nasdaq composed, primarily technological, lose 2.19%.

Anuque the S&P 500 withstood the trend of the first opening hours, backed by the bill of billions of dollars and Bristol-Myers Squibb and Celgene, ended up giving and now return 2.25%.

"The fact that Tim Cook and his company mentioned China as the reason for the downturn in business prospects affects print issues, and investors have already been alarmed," said Bloomberg's marketing manager Greg McKenna to Bloomberg. McKenna Macro.

There were also effects on Apple's suppliers. The titles of chip makers such as Cirrus Logic, Skyworks Solutions, Analog Devices, Broadcom, NXP Semiconductors and Micron Technology were pulled down by bad news from their client.

Effects abroad

In the morning, fear came first to Europe with losses of various sizes on the continent's largest stock markets. With the passage of time, the highest indices are in terrain with red numbers, but with containing decreases.

EuroStoxx 50 thus marks a drop of 0.49%, while the French CAC and the German DAX provide 0.72% and 0.77%, respectively. The FTSE of London is decoupled with a gain of 0.16%.

In Asia, losses were also seen, but milder: Hong Kong's shares lost 0.26% while those of the mainland, grouped in CSI 300, dropped 0.16% today.

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