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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
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China shares end lower; Shanghai posts first weekly loss in six

09/04/2020 | 03:40am EST

SHANGHAI, Sept 4 (Reuters) - China stocks closed lower on Friday after a sharp overnight selloff in Wall Street, with the benchmark Shanghai index posting a weekly loss after a five-week winning streak.

** The blue-chip CSI300 index fell 1.0% to 4,770.22, while the Shanghai Composite Index ended 0.9% lower at 3,355.37.

** The tech-heavy start-up board index slipped 0.5%, and the STAR50 index dropped 0.9%.

** For the week, CSI300 shed 1.5%, while SSEC lost 1.4%.

** Overnight, Wall Street's main indexes marked their deepest one-day dives in months as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.

** The U.S. selloff dented sentiment in the A-share market, as foreign investors sold via the Stock Connect after such corrections, said Zheng Zichun, an analyst with AVIC Securities.

** Refinitiv data showed investors on Friday sold a net 4 billion yuan ($584.56 million) worth of China stocks via the Stock Connect linking mainland and Hong Kong, which allows foreign investors access to the country's onshore equities.

** Leading the declines, the CSI300 consumer staples index dropped 2.1% on worries about lofty valuations.

** Apple Inc's suppliers also fell, after the iPhone maker's shares slipped 8% overnight.

** But Zheng was optimistic about the long-term outlook for A-shares, citing low valuations compared with their U.S. peers and Beijing's continued policy support as it needs a robust market to finance the country's tech industries.

** Bucking the broad retreat, China's semiconductor firms climbed on Friday on report of new policies to prop up the chip sector. [nL4N2G10LO}

** The A-share market will remain rangebound for the moment, and investors could pay attention to pro-cyclical sectors with low valuations, analysts at Huaan Securities noted in report. ($1 = 6.8428 Chinese yuan) (Reporting by Shanghai Newsroom; editing by Uttaresh.V)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.75% 116.03 Delayed Quote.58.05%
FLYING TECHNOLOGY CO., LTD. 4.21% 10.88 End-of-day quote.73.29%
HUAAN SECURITIES CO., LTD. 0.00% 8.08 End-of-day quote.10.68%
S&P/CITIC 300 INDEX 0.00% 4327.53 Delayed Quote.20.57%
S&P/CITIC 50 INDEX 0.00% 4367.5 Delayed Quote.15.27%
SHANGHAI A INDEX 1.15% 3572.443 Real-time Quote.10.51%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.18% 6.5792 Delayed Quote.-5.69%
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Financials (USD)
Sales 2021 315 B - -
Net income 2021 66 095 M - -
Net cash 2021 80 862 M - -
P/E ratio 2021 29,4x
Yield 2021 0,73%
Capitalization 1 973 B 1 973 B -
EV / Sales 2021 6,01x
EV / Sales 2022 5,66x
Nbr of Employees 147 000
Free-Float 99,9%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 126,66 $
Last Close Price 116,03 $
Spread / Highest target 29,3%
Spread / Average Target 9,16%
Spread / Lowest Target -35,4%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE INC.58.05%1 972 719
SAMSUNG ELECTRONICS CO., LTD.21.86%412 799
XIAOMI CORPORATION146.75%82 757
WINGTECH TECHNOLOGY CO.,LTD9.69%19 210
FITBIT, INC.9.44%1 959
MERRY ELECTRONICS CO., LTD.-16.72%1 024