After the Apple event, there has been a big fall in the company's shares. The company's shares closed with a decline of 1.76 percent. Due to this reason, the valuation of the company has reduced by about Rs 4 lakh crore. The real reason for the decline in shares is being attributed to China.
On Tuesday, Apple launched its new iPhone Series 15. The special thing is that after the launch, there was a decline of about two percent in the shares of Apple. Due to which the company suffered a loss of 47.76 billion dollars. Which is being estimated at Rs 4 lakh crore in Indian rupees. In fact, the real reason for the fall in the stock is the Chinese company Huawei Technologies. Which has decided to increase its shipment by 20 percent. Recently, there has been no good news for Apple from China, one of Apple's biggest markets. For this reason, the company's shares have seen a decline of more than 6 percent in 5 days. Let us also tell you about this in detail.
Apple's shares fall
On Tuesday, Apple's shares closed at $ 176.30, down 1.76 percent. However, during the trading session the company's shares also reached $174.82. ?By the way, the shares of the company opened at Rs 179.49. If we talk about the last 5 days, the company's shares have seen a decline of more than 6 percent. However, this year Apple's shares have given huge returns to investors. According to exchange data, Apple's shares have seen an increase of 41 percent so far. According to experts, Apple's stock may remain under pressure for a few days.
Why did Apple's stock fall?
China is believed to be the real reason for the decline in Apple's stock. According to Reuters report, the fall in Apple's share price has come after the report which said that China's Huawei Technologies has increased the target of shipment of the second half of the year by 20 percent for its Mate 60 series smartphones. . This statement of the Chinese company has come at a time when Apple's new iPhone 15 series and other products have been launched in front of the world. A few days ago, the Chinese government has instructed its employees not to use iPhone and other foreign devices.
Apple suffered a loss of Rs 4 lakh crore
Due to the fall in the company's shares, there has been a big decline in the valuation of the company. This decline has been seen to be 47.76 billion dollars. This loss in Indian rupees is being estimated to be around Rs 4 lakh crore. According to exchange data, when the market closed on Monday, the market cap of the company was $ 2.799 trillion, which came down to $ 2.752 trillion after the market closed on Tuesday. This means that the company's market cap has seen a decline of more than $47 billion.
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