Jasonc13
2021-09-11

" Will You Enter APPLE ? " What You should Know Why APPLE Declines "

Apple Loses $85 Billion in Value After App Store Ruling

(Bloomberg) -- Apple Inc. shares suffered their steepest selloff in months on Friday after a federal judge ordered the company to change the way it operates its App Store, which would hurt the profitability of that business unit.

The stock fell 3.3%, its biggest decline since May 4, erasing about $85 billion from the iPhone maker’s market capitalization. The size of the loss is bigger than all but 98 components of the S&P 500 Index.

A federal judge granted an injunction sought by Epic Games Inc. which would allow developers to steer consumers outside payment methods for mobile apps. It also ordered the game maker to pay damages to Apple for breach of contract.

Friday’s slump handed Apple its first weekly decline in three weeks. The stock remains up more than 12% so far this year.

The S&P 500 Index fell 0.8% on Friday. As the largest component of the benchmark index, with a market value above $2.4 trillion, Apple accounted for about a quarter of the benchmark’s decline.

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Comments

  • AnneSeow
    2021-09-12
    AnneSeow
    Patience and discipline is a virtue that will benefit all traders, keeping emotion and snap judgments in check.
    • Jasonc13: 
      [强]
    • AnneSeow: 
      They are a good company and these are the kind of company to buy the dips on. Be patient and get rewarded.
    • AnneSeow: 
      ????
  • Dragonfly987
    2021-09-12
    Dragonfly987
    yup will enter . the price will back up soon
  • KeenLee
    2021-09-12
    KeenLee
    LoSing is only Temperory
  • jamezwavy
    2021-09-11
    jamezwavy
    informative
  • Ag1718
    2021-09-13
    Ag1718
    ☀️Wherever There is a Human in need, There is an Opportunity for kindness and to mark a Difference.?
  • Deonc
    2021-09-11
    Deonc
    When it comes to trading, the decision of when to buy a stock can sometimes be easier than knowing when is the appropriate time to sell a stock.
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