Apple is down on corona virus worries by more than 3 per cent from the all-time peak.

Despite a good portfolio last week, Apple's stock market price has fallen more than 3 percent from its all-time high of $324.4 per share, as investors worried about how coronavirus spread could affect the share market.

The stock was still trading around $311 per apple share to more than half a percent Monday morning. Its market cap continues
to reach $1.3 trillion.But persistent concerns about the impact of the corona virus seem to have dampened some of the excitement about Apple's product and earnings beat Tuesday which sent the stock to soar the next day.
 


 

China, an important market for Apple's iPhone and a major manufacturing country, was the epicenter of an outbreak declared a global health emergency by the World Health Organization and released a public health bulletin by the DOH. China, an important market for Apple's iPhone and a major manufacturing country, was the epicenter of an outbreak declared a global health emergency by the World Health Organization and released a public health bulletin by the DOH.
 
Due to confusion caused by the corona virus, Apple CEO Tim Cook
gave a broader range of plans for the next quarter than is usual.
Still, Tim said the "Greater China" market segment of the group,
including Taiwan and Singapore, had reverted strongly to last quarter growth.
 
Some consumers now see the use of an Apple
iPhone in China as shameful, a local media announced.
The cumulative effects of
Trump's War on China


Apple is down on corona virus worries by more than 3 per cent from the all-time peak.


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