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Apple lost per day, $30 billion due to the sharp fall of the stock

Apple shares fell 3.9% at the close of the Nasdaq on Friday. The sharp decline in securities has led to the fact that the capitalization of the American computer electronics giant fell by $30 billion per trading day.

As the Financial Times, at the close of trading, Apple’s stock was worth $148,98 – 3.88% lower than the previous day. Thus, each share of the company missed nearly $7 value, and the amount of Apple investors lost $30 billion in one day.

Apple first among public companies previously were able to break the mark of $800 billion valuation capitalization. Some analysts believe that in the future the company could become the first with a market capitalization of $1 trillion.

On Friday collapsed the market value of the five largest technology companies in the US. In addition, Apple has suffered Facebook, Amazon, Google and Microsoft. In the result, the Nasdaq ended lower on 113,85 points or 1.8% to 6207 points, while last week the index was the worst for the whole of 2017. Technology sector S&P 500 lost 2.73 percent.

The current sharp decline experts attribute several reasons. One of them is a natural decline after a long growth. Four months ago, the “ceiling” of Apple shares was considered a mark in the 130-140 dollar.

The founder of the investment Fund The Bahnsen Group David Bunsen in conversation with the newspaper explained that the reason is that “the stock is simply overbought”. The New York Times wrote about the growing concern of investors about the valuations of technology companies.

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According to Reuters, the sale of securities IT giants could affect “precautionary” report of Goldman Sachs, is dedicated to the technology sector. Bank analysts stated in the report that the players in the market may underestimate the risks associated with investments in the shares of Apple, Amazon, Google, Facebook and Microsoft.

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