Apple has lost $43 billion of market capitalization on expectations of weak sales of the iPhone 8


Moscow. September 22. INTERFAX.RU – shares of Apple Inc. complete the current week, the most significant fall in 17 months amid mixed reviews about the new products of the company and expectations of weak sales of the iPhone 8.

The price of Apple shares on Friday fell 1.6%. Since the beginning of the week, the price fell by more than 5.2%, the significant decrease from April 2016. Apple’s market capitalization this week has been reduced by more than $43 billion.

Apple shares rose at the end of last week where the company unveiled three new smartphones – the iPhone X, iPhone 8 and iPhone 8 Plus. The beginning of sales iPhone X delayed until November 2017, while sales of the iPhone 8 and iPhone 8 Plus, was launched on Friday.

According to Above Avalon analyst Neil Cibart, the iPhone 8 in the first weekend can be minimal in three years.

Earlier this week, Apple Inc. acknowledged problems with the network connection of its new “smart” watches Apple Watch 3, which also had a negative impact on shareholder value.

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