Apple’s shock downgrade rattles global stock markets
by Larry Elliott from Technology | The Guardian on (#4667J)
Firms with exposure to China hit over fears the Silicon Valley giant's slowdown could spread
Share prices have fallen on all the world's major stock markets after poor trading figures from the tech giant Apple and a sharp drop in US factory orders prompted fears of a global economic slowdown in 2019.
Apple shares lost more than 9% of their value on Wall Street after the company admitted in its first revenue warning to investors since 2002 that it was being badly affected by weaker growth, especially in China.
Continue reading...