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)

FICCI survey reports GDP growth estimate at 7.7 pct for 2016-17 May 30, 1:58 pm
New Delhi, May 30 (ANI): The results of latest round of FICCI's Economic Outlook Survey puts across a median GDP growth forecast of 7.7 percent for the fiscal year 2016-17. The growth in 2016-17 is expected to be supported by an improvement in the agricultural and industrial sector performance. Prediction of a good monsoon after two consecutive years of sub-optimal rainfall backs the improved outlook in the current fiscal.
Full Story
AAI organizes 'Swachh Bharat Pakhwara' at Rajiv Gandhi Bhawan May 30, 1:39 pm
New Delhi, May 30 (ANI): The Airports Authority of India (AAI) who is responsible for creating, upgrading, maintaining and managing civil aviation infrastructure in India has organized 'Swachh Bharat Pakhwara' and Pledge taking ceremony on "Mission Swachh Bharat" at the Rajiv Gandhi Bhawan, New Delhi.
Full Story
Firefox Bikes ties up with Toyota Insurance to offer coverage against theft May 30, 1:31 pm
New Delhi, May 30 (ANI): In a bid to promote biking in India, leading leisure biking company Firefox bikes has come up with cycle insurance by tying up with Toyota Insurance, which lets you cover your valued cycling possessions against the unforeseeable.
Full Story
Ruchi Soya, Adani Wilmar likely to tie up as India's leading FMCG company May 30, 1:17 pm
New Delhi, May 30 (ANI-BusinessWireIndia): Ruchi Soya Industries Limited (Ruchi Soya), and Adani Wilmar Limited (Adani Wilmar), a joint venture between Adani Enterprises Limited (Adani) and Wilmar International Limited (Wilmar), are pleased to announce that they have agreed to combine their respective procurement, marketing, distribution and sales businesses, for the products mentioned below.
Full Story
Comments