Apple’s capitalization has fallen below a trillion dollars

© AP Photo / Marcio Jose SanchezШтаб-apartment Apple. Archival photoApple’s capitalization has fallen below a trillion dollars© AP Photo / Marcio Jose Sanchez

Apple’s market capitalization fell below $ 1 trillion in weaker than analysts had expected, forecasts of revenue for the first quarter of 2019, vingada, according to the auction.

As at 17.37 GMT Apple shares are traded in the composition of the index high-tech NASDAQ companies, became cheaper by 6.88% to 206,8 per share. Based on these quotes, the value of the company fell to 998,8 billion dollars.

According to the data published in the night of Friday, reporting that Apple expects to receive revenue in the first quarter of 2019 financial year in the range of 89 to 93 billion dollars. Thus, the average value of 91 billion dollars was below expert predictions in 93 billion dollars.

In addition, Apple’s CEO Tim cook in an interview with Reuters said that «watching a weak macroeconomic indicators for a number of developing markets.» During a conference call for investors later, he said that the number of weak markets includes Brazil, India, Russia and Turkey.

The market value of Apple exceeded $ 1 trillion in early August, the company became the first in history, whose market capitalization broke through this level.