Apple has bet on China as a major new growth engine, but progress there has been a let-down.

SAN FRANCISCO - Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake.

Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & Poor's 500 index, have dropped 11% in the past five sessions. 

That shrank the technology behemoth's market capitalization by $65 billion, about equivalent to Cambodia's net wealth.

Post a Comment

 
Technical Information © 2013 - 2017. All Rights Reserved Their Respective Owners. Powered by Informteci
Top