Apple's market value fell below the $3,000-billion mark on Friday after the New York stock exchanges opened. In June, the technology group had been the first company to break this historic barrier.
The fall has been attributed to the quarterly figures that the company published on Thursday, with sales down by 1.4% for the third quarter in a row, weighed down by the a 2.4% drop in iPhone sales.
While it benefited from a further acceleration in its services business (App Store, Apple Music, iCloud), Apple also suffered from an air pocket for Macs and iPads. Consumers seem to have become more reluctant to buy new electronic devices because of high inflation.
Moreover, the US giant’s forecasts are disappointing.
These figures did not please investors, with the Apple brand’s shares losing 3.2%.
On the other hand, Amazon’s figures, which, like Apple’s, were published after the markets closed on Thursday, were better than expected. The e-commerce giant smashed expectations for its quarterly profit and did better than expected on sales.
This was mainly due to strong performances from its cloud business and advertising division.
Amazon also presented positive forecasts for the current quarter. As a result, the share price rose by 9%.
