Apple Inc.: Apple’s shares was also in a downward trend last month. There are many reasons behind this decline in Apple’s shares.
It is expected that the US Federal Bank will increase the interest rate to control inflation. Due to this, there will be a reduction in the disposable income of the consumers, due to which the revenue of a company like Apple may be impacted.
Apart from this, the second reason is chip shortage: This is a problem for all tech companies.
In addition, bond yields also increased, so investors would invest more money in bonds, which would reduce the weightage of stocks in their portfolios.
And Apple is a blue-chip stock in which a lot of investors invest their money and if investors invest their money in bonds then the demand for Apple stock will decrease.