Apple, Google see $53 bln wiped off their combined share value in one week

   Apr 17, 4:09 pm

Washington, Apr 17 (ANI): A slide in tech firm Apple and Internet search giant Google's share prices has wiped off over 53 billion dollars off their combined value in a week, according to a report.

Apple shares hit a historic high last Tuesday, opening at 644 dollars, but have since dropped more than eight percent.

The decline, that saw a drop of over four percent last week, accelerated on Monday as Apple fell another three percent to 585.7 dollars.

Meanwhile, Google shares fell over four percent last week and a further three percent on Monday, The Telegraph reports.

According to the paper, the falls mark a shift in gear for Apple and Google, which have both seen sustained growth over the past year.

Some analysts pointed to 'growing negative sentiment' about Google's dual class share structure announced last week as the reason for the drop in its shares.

Meanwhile, Apple shares closed down 25.1 dollars, 4.2 percent, at 580.13 dollars. Google shares fell 18.53 dollars, three percent, 606.07 dollars. (ANI)

Toshiba wins major order in Malaysia for 2,000 MW ultra-super-critical steam turbine Sep 2, 6:03 pm
Tokyo, Sept. 2 (ANI): Toshiba Corporation, one of the world's leading suppliers of thermal power generation equipment, today announced that a consortium of Toshiba, IHI Corporation, Hyundai Engineering Co., Ltd. and Hyundai Engineering and Construction Co., Ltd., has won an engineering, procurement and construction contract (EPC Contract) for a 2,000 MW ultra-super-critical coal-fired power generation project in Mukim Jimah in Negeri Sembilan, Malaysia (Project).
Full Story
Canadian companies look to expand partnerships with India in renewable energy Sep 2, 1:03 pm
New Delhi, Sept. 2 (ANI): A delegation of 16 Canadian companies will arrive in India this week to attend the 8th Renewable Energy India 2014 Expo to be held in Greater Noida from September 3 to 5.
Full Story
India PC shipments in Q2 plunges 28 percent YOY Sep 1, 6:50 pm
Washington, Sep 1 (ANI): Recent findings from IDC shows that India PC shipment stands at 2.55 million units in second quarter, plunging 28 percent year-on-year but rising of 24 percent quarter-on-quarter.
Full Story
Japan's disaster preparedness and agri-research 'remarkable' Sep 1, 5:38 pm
Tokyo, Sept. 1 (ANI): Japan's experience with the Great Earthquake and the Sarin gas attack in Tokyo subway by terrorists has prompted the Tokyo Metropolitan Government to undertake a range of disaster prevention and management measures.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY