The market value of Apple fell after the presentation of the new iPhone

Apple shares, in spite of a significant decline are still 30% higher than a year ago.

The market value of Apple has fallen by almost $50 billion after the presentation of the new iPhone.

If September 11, the estimated value of the company was 834,9 billion, by the evening of 22 September, Apple was already evaluated in 779,1 billion.

In the long term Apple has lost more than the entire market value of Target, eBay or Ford Motor, which has a market value less than $ 50 billion. At the same time, Apple shares, in spite of a significant decline are still 30% higher than a year ago.

“The simple reason is this: shares in the past year increased by 50%, because investors had expected the return to growth of iPhone sales. As soon as this product will be released, shares stabiliziruemost, and people’s attention will be transferred in March next year,” said gene Munster, an investor Loup Ventures and former chief analyst of Apple.

Now analysts say weaker demand for the iPhone 8, than the demand for devices of the previous models of Apple. This is partly due to the fact that potential buyers iPhone 8 temporarily refused to purchase, waiting out the premium version of the smartphone Apple — iPhone X, which goes on sale in November.

Recall, September 12, the company released a new product line: iPhone X, iPhone 8, iPhone 8 Plus, 4K Apple TV and Apple Watch Series 3. Some of these products hit the stores on Friday, September 22.

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