Big Tech lost $162 billion in value in Monday's market route, led by plunge in Apple

"Assuming smartphones, tablets, smart watches, and computer systems are not categorically excluded from the final $300B tranche, we expect there will be material impact to Apple hardware product earnings," wrote analysts from Cowen, in a note to clients.

Apple has more exposure to China than its Big Tech counterparts because it's so reliant on the country's manufacturing plants for its top products, most notably the iPhone. Facebook, Google and Amazon have almost no presence in China. The other companies didn't drop as much but still fell more than the S&P 500, a reflection of technology's role in the economy — the industry typically outperforms in boom times and is disproportionately hurt during a slowdown.

Big tech buried it’s bone in red China.

China owns Apple!

That would be 'rout' cnbc 'journalist'. learntospell

Make it in America and that won’t happen.

are there any editors working at CNBC?

Thank you Mr POTUS realDonaldTrump

*rout

Will come back always does

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Tech Company Cloudflare Says It's Kicking Extremist Forum 8chan Off Its NetworkThe suspected gunman behind the El Paso massacre is believed to have drawn inspiration from 8chan, an online forum where bigotry is celebrated. Masky_Jay_Hoody Why was it there to begin with?
Fonte: YahooNews - 🏆 380. / 59 Leggi di più »