Technology giant Apple’s shares have tumbled 7% since April 19, wiping off over $61 billion from the company’s market capitalisation. This comes after Morgan Stanley analyst Katy Huberty projected iPhone shipments for fiscal 2018 at 210 million, down from an earlier estimate of 217 million. Apple’s current market capitalisation stands at $865.3 billion.

short by Aditi Verma /
02:49 pm on 21 Apr

Source: Inshorts
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