CITY OF MEXICO (apro).- The shares of the technology giant Apple plummeted 4.80% this Friday, after they released their quarterly financial results the day before in which they registered their third consecutive quarter of sales decline and predicted a performance similar in the current period.
Said fall in its papers caused a loss of market capitalization value of more than 100 billion dollars, falling from the level of 3 trillion dollars (3 trillion in English) to 2.86 trillion dollars.
Rosenblatt Securities downgraded the stock to neutral, saying the mixed report “highlights the slowdown phase Apple is now in.”
Even as the company’s Services business is accelerating, “a slowdown in the US seems likely to last until a new category of material products takes hold.”
For his part, analyst Barton Crockett sees this outlook as “uncertain on both timing and success, leaving little reason to favor stocks now trading near all-time highs and relative multiples.”
It should be noted that, in the US capital market, the NASDAQ Composite technology index showed a loss of 2.85% for the week, the biggest drop since March 10, just when the issue of banking disorder began.
On the other hand, the S&P 500 lost 2.27% on the week, which, like the NASDAQ Composite, is the biggest drop since the banking mess.
In the interior, the losses of: basic services (-4.66%), information technologies (-4.14%), communication services (-2.85%), real estate (-2.20%) and health (-2.09%) stand out. The energy sector stands out, the only one with gains of 1.15 percent.
