Apple iPhone has disappointed us big time, and we totally blame the same technology and on the body, styling being the same; not to mention the insanely high cost. Due to this negative aspect, Apple has faced some drastic effects on it. The sale has been dropped so much that the company is going into loss.
The loss is unbearable. I mean seriously $452 billion in just the space of three months. The shares are falling drastically and last Thursday, they closed at the lowest with $142.19 at a 10 percent lower rate.
The Wall Street is highly criticizing the company over such drastic situations, and the company has sent warning letters to their investors that they must prepare themselves for the bigger loses yet to come.
The stocks fell by 39.1 bring the market capitalization as low as $674 billion. The other four remaining companies who have higher market caps include Microsoft, Alphabet, Amazon and Berkshire Hathaway.
According to the CEO of the Apple Company, the loss is because of the drop sell numbers to the weakening economy of the country. They also stated that China has also contributed n the loss as they are one of the biggest product markets and they have shown a sloped decrease in the sails.