Apple has lost $ 160 billion

Such profit loss was caused by the prolonged decrease in the Apple shares’ value during the whole year. Apple’s earnings have been falling since July this year, while its stock has been gradually approaching its annual minimum. Such long decline was caused by the low demand for smartphones, which usually make the bulk of Apple’s profits. According to analysts, if the demand for smartphones continues to fall, it will undoubtedly lead to further reduction in the shares’ prices.

The common negative sentiment has impacted the cost of Apple shares, which has already decreased by 2.71% and still continues to fall. Traders have an excellent chance to earn money on a further decline. Trading will be available during the American session, from 13:40 to 20:00 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.