Moscow. May 12. Shares of Apple Inc. has fallen in price on 3,1%, to a minimum of two years, after a sharp drop in profits Taiwan’s Foxconn Technology Group, collecting smartphones for Apple, has caused a new wave of concerns about iPhone sales, writes MarketWatch.
Capitalization of Apple fell to $491,3 billion, which is lower than the market value of the Alphabet. At the same time, the capitalization of the holding company Google is $497,3 billion Thus, Google regained its status as the most expensive company in the world.
Foxconn, the biggest assembler of the iPhone, cut its net profit in the first quarter of 2016 9.2%, to $847 million In the last quarter Apple for the first time in history recorded a decrease in the sales of smartphones in annual terms.
Earlier it was reported that Apple is the sixth time in a row topped the rating of most expensive brands in the world by Forbes magazine. The brand value of Apple is estimated at $154,1 billion, which is almost two more brand Google, which took second place in the ranking, the magazine estimated at $82.5 billion