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Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World - Phones - Nairaland

Nairaland Forum / Science/Technology / Phones / Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World (20258 Views)

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Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by NaijaTechGuy(m): 1:46am On Jan 04, 2019
Apple just lost $57 billion in the stock market and dropped to the fourth most valuable company. I actually saw this coming and i didn't think it would come so soon. Have a look at my post Facebook on December 15th, 2018.




Apple's Falling Stocks
Their products are simply over priced, It costs basically around $300 to build an iPhone and they sell it at above $1000 while there are phones with better features that cost less. I bet Steve Jobs (God bless his soul) wouldn't allow this unacceptable overpricing.



Apple stock initially opened on Thursday at $144 which was around a $14 drop from its already plummeting price when the markets closed on Wednesday.

Now, their stock is at its lowest price in almost 2 years . The current stock price pushes the Cupertino Company down to the fourth most valuable company behind Microsoft, Amazon and Google.

Their current market value now sits at about $57 billion less than it did before CEO Tim Cook’s letter to investors yesterday.

Tim cook had placed the blame for Their lowered projections on a number of factors such as fewer than expected iPhone sales, trade wars with China, and even its own iPhone battery replacement program.

However, since becoming the first trillion dollar company last year, they have continuously experienced a continuous slide downward in market value.

The company has lost around $450 billion since hitting its peak of $1.1 trillion leaving it with around $600b.


https://www.naijatechguy.com/2019/01/apple-loses-57-billion-dollars.html

3 Likes

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by samlake(m): 2:24am On Jan 04, 2019
The financial market world wide felt the impact...But as a forex trader that is sound, i was able to see it ahead...check my signature to learn more on forex trading

1 Like

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by MCMXCVIII(m): 2:45am On Jan 04, 2019
shocked
Blame it on, Chinese, Trump, the white house.
Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by KingLennon(m): 5:37am On Jan 04, 2019
As much as I love quality but I think Apple products are currently overpriced. Its gonna get worse if they don't do something about it

43 Likes 1 Share

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Cyb3rhack3r: 7:20am On Jan 04, 2019
NaijaTechGuy:
Source - https://www.naijatechguy.com/2019/01/apple-loses-57-billion-dollars.html ‎


Cc mynd44

Apple's innovation ended with Steve Jobs

17 Likes

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Nobody: 7:38am On Jan 04, 2019
Who reasons apple when android killers like huawei, oppo,oneplus,are there.

Thank God for china cheesy

86 Likes 6 Shares

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Tunasco4u(m): 7:45am On Jan 04, 2019
OK
Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Naijawebmaster: 7:46am On Jan 04, 2019
Blame the trade war between USA and China

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Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Olamsoh: 7:46am On Jan 04, 2019
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21 Likes 1 Share

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Jh0wsef(m): 7:46am On Jan 04, 2019
CONTACT FOR YOUR UNIQUE LOGOS AT AN AFFORDABLE PRICE.

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by ainas247: 7:47am On Jan 04, 2019
wink Don't mess with China...

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Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by seunfly: 7:47am On Jan 04, 2019
I wonder why people are blaming trade war and China, it is non of this.
The truth is smartphone market has slow down generally for both Android, iPhone or any other types.
Apple's case is extreme because of many factors which are 1) iPhones are uneccessarily expensive 2) apple deliberately compromised their older models to compel people to buy newer version and Apple has been caught which forced Apple to start proving options of replacing the compromised part such as batteries hence their is no need to buy new phone.
The last point is that iPhone is no longer leaders in innovation and feature so they are loosing ground to other phone maker who has better features and cost less.

7 Likes

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by GentleMoney: 7:48am On Jan 04, 2019
The 'Looming' effects of US Financial Trade War..
Hmmmmm...

2 Likes

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by sexiestharam(f): 7:48am On Jan 04, 2019
I forsee the gradual end of tech giants like Apple and Facebook. Nothing lasts forever particularly when your product lacks any real innovation and your competitors are far more innovative than you are.

9 Likes

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Nobody: 7:49am On Jan 04, 2019
FINALLY THE WHOLE APPLE HAS BEEN EATING.. NOT JUST A BITE.. LOL

5 Likes 2 Shares

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Flexherbal(m): 7:49am On Jan 04, 2019
They have business experts, they know what to do about it.
Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by israelmao(m): 7:49am On Jan 04, 2019
This trade war is getting the better part of the rest of the world.

1 Like

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by omonnakoda: 7:51am On Jan 04, 2019
"Buhari has spoilt Nigeria"!!

8 Likes

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by WaffenSS(m): 7:52am On Jan 04, 2019
samlake:
The financial market world wide felt the impact...But as a forex trader that is sound, i was able to see it ahead...check my signature to learn more on forex trading

You were able to foresee that China was going to ban a few iPhone models, and promote homegrown Huawei, all as a forex trader and not as a stock analyst?

I also wonder how the worldwide financial market would feel the shock of a drop in valuation of a mere 57 billion dollars, which is a very tiny drop in the ocean compared to the worth of the global market.

Just say you're plugging your forex scam.

52 Likes 4 Shares

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by omowolewa: 7:52am On Jan 04, 2019
Nothing last forever

1 Like

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by omonnakoda: 7:53am On Jan 04, 2019
KingLennon:
As much as I love quality but I think Apple products are currently overpriced. Its gonna get worse if they don't do something about it
What has overpricing got to do with this?

Do you understand what is going on ?

7 Likes 1 Share

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by iammarvellux(m): 7:55am On Jan 04, 2019
Ok, blame Eve for giving you to Adam for a bite.


Apple the origin of all sin.

China is already taking over.
Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Lordjb: 7:55am On Jan 04, 2019
too bad for apple
Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by derrydinny: 7:55am On Jan 04, 2019
apple actually felt too big, they thought they couldn't face any challenges again but they are wrong, once things like this start happening, they need strong hands to lift them again
Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Sufisunni: 7:56am On Jan 04, 2019
Good. Apple is overpriced

2 Likes

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Btruth: 7:58am On Jan 04, 2019
A lesson that Mercedes Benz & BMW had learned in the past and still kept them on top in the auto industry sales.

1 Like

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by omonnakoda: 7:59am On Jan 04, 2019
samlake:
The financial market world wide felt the impact...But as a forex trader that is sound, i was able to see it ahead...check my signature to learn more on forex trading
Forex


Do you have headache??

6 Likes

Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by Kira290(m): 8:00am On Jan 04, 2019
N
Re: Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World by anambraamaka: 8:02am On Jan 04, 2019
Sad

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