20.04.2020 Apple Daily Analysis

20.04.2020 Apple Daily Analysis

Apple today is trading at $282.80 it went down with $3.89 from $282.8 This is mainly because Facebook launched a gaming mobile app today which mainly focuses on live game streaming but unfortunately, the app iOS version has not yet been approved by Apple. Facebook Gaming was originally scheduled to be released in June but due to lockdown because of coronavirus, the company decided to take advantage of the situation and released it earlier. According to Fidji Simo who is the head of the gaming app "Investing in gaming, in general, has become a priority for us because we see gaming as a form of entertainment that really connects people." Facebook is of the view that since people are home now because of coronavirus it is essential for people to connect through the gaming app.