Apple lost $ 30 billion per day Because the Sharp Drop in Shares

Apple shares fell 3.9% at the close of the stock exchange Nasdaq on Friday. The sharp decline in securities led to the fact that the capitalization of the US computer electronics giant dropped by $ 30 billion per trading day.

According to the Financial Times, at the close of trading, Apple shares were worth $ 148.98 – 3.88% lower than the previous day.

Apple lost per day $ 30 billion because of the sharp drop in shares

Thus, each share of the company has missed almost $ 7 value and in the amount of Apple investors have lost $ 30 billion in a single day.

Apple was the first among public companies previously managed to break the mark of $ 800 billion in the evaluation of capitalization.

Some analysts believe that in the future the company would be the first with a market capitalization of $ 1 trillion.

On Friday, the market value of the collapsed five largest technology companies in the US. Besides Apple hit Facebook, Amazon, Alphabet and Microsoft.

As a result, Nasdaq ended the day lower by 113.85 points or 1.8% to 6207 points, while the last week was the worst for the index for the entire 2017.

Technology Sector S & P 500 lost 2.73%. The current sharp fall, experts explain immediately for several reasons. One of them – the natural decline after a long growth.

Four months ago, “ceiling” Apple’s stock was regarded as the mark of 130-140 USD.

The founder of the investment fund The Bahnsen Group David Bahnsen in conversation with the publication explained that the reason is that “actions simply overbought”.

Edition of The New York Times wrote about the growth of investors’ concerns about the valuations of technology companies.

According to Reuters, on the sale of securities IT-giants could affect “cautious” Report Goldman Sachs, dedicated to the technology sector.

Bank analysts pointed out in the report, that market players may underestimate the risks associated with investments in shares of Apple, Amazon, Alphabet, Facebook and Microsoft.

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