Sunday , October 17 2021

External stock markets are shaken by Apple's weaker earnings forecast



The world's main stock exchanges have started today at a low level after they have experienced a reduction in Apple's revenue, which adds to the pre-existing state of malice due to fears that the slowdown in global economic growth.

The first cut in Apple's revenue forecasts in nearly 12 years today has caused losses on European stock markets, making it the most affected technology, with chip makers supplying the iPhone manufacturer with power.

The technology giant cut its forecast for the first quarter of 2019 to $ 84 billion, dropping below $ 89,000 million to $ 93,000 million previously projected.

Apple blamed a number of factors to reduce the focus, including the weakness of China's economy and disappointing iPhone revenues.

The news has boosted fears of global growth slowdown, as well as the effects of US-Chinese trade tensions on corporate profits.

In Spain, the number of unemployed registered in the Public Employment Services offices decreased in 2018 to 210,484 people, with an annual reduction rate of 6.17%, according to the Labor Ministry. Thus, the total number of the unemployed at the end of 2018 was 3.2 million people, remaining at the lowest levels in the last nine years.

On the other hand, German Economy Minister Peter Altmaier said in an interview published today that the United Kingdom's withdrawal from the European Union poses an economic risk, although he added that he expects growth in Germany to continue.

Markets are in red

The pan-European STOXX 600 index fell by 0.7% and joined massive Asian sales.

Apple's contributions to Frankfurt fell 8.9 percent after the technology giant cut its revenue forecast, accusing weak iPhone sales in China, whose economy was affected by a prolonged US war.

Chip makers who provided Apple components were the most affected. AMS, which offers face recognition sensors used in the latest iPhone, declined by 19.4%, the lowest value of STOXX.

In turn, the outlook for Wall Street's future is not much better. Technological agglomerations in Nasdaq make a sharp fall of 2.78% since the beginning of the trading day

And in Asia, the figures were not much better, but they closed more balanced:


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