Apple is in a bear market

Stocks closed at $ 185.72 and continued to fall behind. S & P 500 fell 2.4% during the day and Nasdaq fell 3.4%.

Apple ( AAPL ) has attempted to regain its position in China. In its latest earnings, released on April 30, the company posted revenue of $ 10.2 billion in the country in the first three months of the year, down 21% from the previous year. On a conversation to discuss the results, CEO Tim Cook signaled that the worst could be the sale of the iPhone, the biggest profit generator, when Apple saw "better trading dialogue" between China and the US and "very positive customer response to the pricing actions we have taken in it" The market. "On May 5, President Trump warned that he would increase tariffs on a package of Chinese goods to 25% from 1[ads1]0%. Apple shares have fallen more than 10% since then.

The latest tariff between the two countries has taken toll on Apple shares, as well as those companies that supply components for Apple products. Stocks in Catcher Technology, a Taiwanese company that makes iPhone cases, fell almost 7%. Austria AMS ( AMSSY ) making light sensors, doubled more than 5% and parts in European chip makers Dialog Semiconductors ( DLGNF ) and STMicroelectronics ( STM ) fell 5% and above 6%, respectively.