Apple loses $64 billion in stock value as Wall Street is in 'full panic mode' on iPhone demand

Apple loses $64 billion in stock value as Wall Street is in 'full panic mode' on iPhone demand

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/04/24/apple-loses-64-billion-in-value-as-wall-street-is-in-full-panic-mode.html

Disappointing guidance from key iPhone suppliers is raising worries about Apple shares and could signal the death of the technology-driven stock rally.

Apple's stock is cumulatively down 7.1 percent in the three trading sessions through Monday, wiping out $63.9 billion of shareholder value. The decline was sparked by Taiwan Semiconductor Manufacturing's weaker-than-expected guidance Thursday morning.