Apple went down from 292.12 us dollars with 3.89 us dollars to 289.03 us dollars.This resulted after Tim Cooks announced that all employees will be work
Apple went down from 292.12 us dollars with 3.89 us dollars to 289.03 us dollars. This resulted after Tim Cooks announced that all employees will be working from home starting today 9 March 2020 until 13 March 2020, due to the increase of coronavirus cases in the United States. More so, Apple announced that there is going to be a delay in the launch of the iPhone 5G due to the effects of coronavirus. In addition, OPEC slashed the prices of oil and this caused the dollar to weaken and all us dollar stocks to go down like Apple. Many investors are dropping us dollar stocks going for the safe heaven which is Gold, thereby making the Apple stock go down.