Apple's market cap has dropped by more than $ 60 billion in the past, because the Taiwanese semiconductor, Apple's largest supplier, said in its earnings estimates that revenue will be affected in the second quarter, because 'demand for the mobile area will be weak'.
The report of the Financial Times said that Apple's shares have fallen by about seven percent on Thursday and Friday, as there were reports of a huge drop in smartphones sales this year.
Apart from Apple, the market value of many other global chip makers is also declining, which includes analog devices, dialog semiconductor, Qualcomm, and Corva.
For the first time since 2009, smartphone sales declined in China last year, while in the fourth quarter of 2017, the number of smartphone sales in the global market has declined since 2004.
The Wall Street Journal report said that the company has suffered another shock. The company is having problems due to problems related to the construction of the LG Display's OLED screens to create an iPhone in the future.
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