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)

Facebook reveals Q2 earnings, high revenue from mobile-ad Jul 24, 1:52 pm
Washington, July 24 (ANI): Facebook has announced its second quarter's earnings, and shows a considerable rise in advertising revenue on mobile.
Full Story
Cabinet approves 49 percent FDI in insurance sector Jul 24, 1:07 pm
New Delhi, July 24 (ANI): The Union Cabinet on Thursday gave its approval to the proposal of raising the foreign direct investment (FDI) cap in the insurance sector to 49 percent from the existing 26 percent.
Full Story
Maximise use of non-intrusive method of investigation: FM tells tax officials Jul 24, 11:18 am
New Delhi, July 24 (ANI): Finance Minister Arun Jaitley has exhorted income tax officers to maximize the use of innovative and non-intrusive methods of investigation.
Full Story
DMRC slashes 40% fares on Airport Express Line Jul 24, 9:38 am
New Delhi, July 24 (ANI): Delhi Metro Rail Corporation (DMRC) has slashed fares on Airport Express Line by 40 per cent. The rates were revised earlier this month and will take effect from today.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY