Sandra Brown 9/19/2020
Apple shares dropped significantly due to the lack of new iPhones
Over the past two weeks, Apple shares have dropped significantly вЂ” by 22.5%. Accordingly, the company lost about $536 billion in value. Analysts attribute what is happening to the fact that Apple has not presented new iPhones.
On September 2, the company's shares hit an all-time high of $137.98. Since then, they have only lost value. At the time of publication of the news, Apple shares are valued at $106.84.
Recall that on September 15, Apple held a presentation at which the company introduced the new Apple Watch, iPad tablets, and Apple One subscription. A senior analyst at Bernstein said the event was not particularly impressive. The expert believes that it will be difficult for Apple to lure users away from the competition for music services.