Saturday , July 24 2021

Apple suffered a sharp decline and fell from the mythical threshold of capital capitalization



New York – Apple multinational lives one more day down and in the Wall Street session down 5.2%, the current percentage, two hours before closing, stands at 4.40%, which has made it lose its millions of dollars in quoted myths and placed in varemos 3 half a month ago.

While waiting for the closure of the New York Stock Exchange, the block technology company presents a market capitalization of more than 970,000 million dollars.

Apple shares fell as much as 5.2% this morning after one of its face recognition providers lowered its outlook.

In particular, Lumentum Holdings, which manufactures facial recognition technology for the latest iPhone models, said it had reduced the outlook for the second fiscal quarter of 2019.

Lumentum CEO Alan Lowe said one of his biggest customers asked him to "significantly reduce shipping" for their products. Lumentum shares slumped more than 22% and then the next Apple fall.

In the annual presentation of fiscal 2018, Lumentum cited Apple as its largest customer, representing 30% of its revenue, a matter that has been recorded by various investment banks.

Last week, the Nikkei had reported that Apple stopped increasing production for its new iPhone XR, all after controversy over the fact that in the performance of its newest account, Apple decided not to report the number of units sold, in good quarterly results caused by their price increases but which made investors are wary of the future.


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