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Possible coronavirus pandemic plummets Apple

29.02.2020 0 Comments

Possible coronavirus pandemic plummets Apple


Other IT giants also suffered.

A report by the World Health Organization (WHO) about the likely pandemic of the coronavirus COVID-19 led to a sharp drop in shares of Apple and other technology giants. February 24, Apple shares fell in price by 4.75%, resulting in losses of the company amounted to more than $ 60 billion.


Possible coronavirus pandemic plummets Apple

A report from Business Insider reports that leading IT companies have lost about $ 200 billion per day due to recent reports of coronavirus. The largest losses were recorded at Apple, the company with a record capitalization of $ 1.4 trillion. Apple lost more than $ 60 billion in a day. Similar losses at Microsoft were a little less than $ 60 billion. Amazon and Alphabet cost fell by more than $ 40 billion.

A sharp drop in stocks occurred amid a report from WHO about a possible coronavirus pandemic made on February 24. Head of WHO Tedros Adan Gebreyesus stated the need to prepare for a pandemic, urging countries to take the issue as seriously as possible.

Late last week, massive cases of coronavirus infection were detected in Italy, South Korea and Iran. This was the reason for the alarming message of WHO.

Source: BI.

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