It has been a difficult month for the securities of Apple. However, this did not prevent the market capitalization of American giant computer electronics to reach the level of the total value of the world’s top three revenue generators – Exxon, Chevron and Wal-Mart.
According to analysts, Dow Jones Newswire, market value of Exxon, Chevron and Wal-Mart fell by about $150 billion over the past 3.5 months, reaching new multi-year lows, bringing their total market capitalization was below $690 billion.
In early August, Apple has dropped in price by 3.2 per cent amid concerns investors because of the loss of positions in China. At the close of trading, its share price was $114,64 is the lowest since January of this year and 12% below the record level reached before the recent publication reporting ($133). As a result, Apple’s market capitalization fell to $113.4 billion
The decline in Apple shares began in July after the company reported financial results that do not meet the expectations of investors. Research firm Canalys reported that in the second quarter, Apple gave away the top spot in the Chinese smartphone market a local brand Xiaomi. According to analysts from Canalys, Xiaomi took to 15.9% of the local market, Huawei is 15.7%, while Apple was only third, although ahead of Samsung. Analysts say that the stagnation of the Chinese market leads to increased competition.
Although Apple has lost more than $100 billion after reaching a springtime high of around $765 billion, however, two of the oil giant and the world’s largest retailer – Exxon, Chevron and Wal-Mart in terms of revenue in the amount of lost more.
