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Apple has lost almost $160 billion due to the stock shocks in the U.S.

Fluctuations on the American stock exchange has hit the most expensive in the world of Apple. As a result of stock shocks in the U.S. the Corporation lost $158 billion. it is reported TASS with reference to the newspaper USA Today, which analyzed the recent events on wall street, caused by concerns about the Chinese economy.

Only 21 of August, when stock indexes fell, reacting to the news of the reduction in the rate of growth of the stock market of China, shares of Apple fell 6,89%. By the end of the session, their price was $105,76 apiece. At the same time, not so long ago this year they sold for $by 134.5 per share.

Smartphone sales in the second quarter of 2015 in China, the largest electronics market, for the first time was lower than in the same period last year. IPhone sales are a key source of income for Apple, as China is the second most important market after the us.

The drop in sales in China, recorded in the second quarter of 2015, compared to the second quarter of 2014 was 4% and was the first since the advent of the smartphone market. Prior to that, from year to year, sales only grew. “China has reached the limit of saturation of high-tech mobile devices. To a greater extent the development of the market is now driven by replacement of obsolete models of the new, and in such cases the sale is a natural decrease”, — commented on the result Anshul Gupta, research Director, Gartner.

For the last week quotes of Apple dipped by 8.5%. This decline may disappoint investors, “gone in minus” by 3.2% compared with the beginning of the year, after the first months of rapid growth. Thus, the overall decline exceeded 20 percent, and for the professionals, this means informal fracture of the market – from “bull” to “bear”, that is, with the game to improve the game down.

Currently, Apple’s market capitalization is estimated at $642 billion.

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