Thursday , November 26 2020

Apple Heavy Casing – Stock lowered – Apple – Stock Exchange and Finance



Apple shares fell 2.84 percent just Monday, after stocking before the weekend. On Friday, the shares ended 6.63 percent, the worst case for more than four years.

As a result, the stock has fallen 9.40 percent since closing on Thursday, when the company delivered its latest quarterly report.

Apple's earnings per share were $ 2.91 per share in the company's fourth quarter, from $ 2.07 per share a year ago.

Stock markets in the US ended mixed Monday, where the technology sector was weighed down by a new day of decline for Apple.

At closing, the developments are as follows:

  • The Dow Jones index rose 0.76 percent
  • The S & P 500 is up 0.56 percent
  • The Nasdaq ended down 0.38 percent

Source: Iphone XR tray

The Nikkei Asian Review wrote Monday that Apple has protected plans to increase iPhone XR production and focus on the old iPhone 8 and iPhone 8 Plus models. Anonymous sources familiar with the case said that Foxconn's subcontractors will produce around 100,000 fewer cellphones every day than the plan.

– From Foxconn's side, they clarified 60 production lines for the Apple XR model. In the past, they only used about 45 production lines, because the company's main customers said they didn't have to produce so much now, said one source from the site.

Apple's share was lowered again

After a report on results before the weekend, brokerage house Rosenblatt Securities also lowered recommendations on Apple, CNBC wrote.

This is the second downgrade for iPhone manufacturers according to number one, prospects and telephone sales disappointed the market.

On Wall Street, Apple fell just 3 percent on Monday, and its shares fell 9.5 percent since Thursday.

Analysts at Rosenblatt cut recommendations to be neutral from previous purchases, arguing that Apple would find it difficult to ward off weaker sales volumes at higher prices.

On Friday, Bank of America lowered recommendations on Apple.


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