China overwhelms technology: from Facebook to Apple, the Silicon Valley start sinking in session on Wall Street: Apple gets to lose 13% falling below $ 100 per share, Facebook sells 16%. Then led by Apple, and with the complicity ‘of the recovery of American markets, comes the sudden turnaround: the collapse is broken, burned and securities losses are slightly wavy or at least record drop lower. Google, Facebook, Twitter and Netflix yield around 3.2%, Microsoft lost 1%. Apple traveling in slightly positive territory. But the focus remains high, so ‘the downward pressure: the Silicon Valley companies are among the major beneficiaries of the race in China and the Chinese appetite for luxury goods, such as mobile devices such as the iPad and the ‘iPhone.
And Apple’ for weeks in the thick of the Chinese, so that today – in an unusual move especially for Cupertino – CEO Tim Cook and ‘went into action to try to reassure. An intervention that helps Apple to ‘save’ almost $ 70 billion of market cap: his words in fact get the desired effect, to calm investors. In an email sent Jim Cramer, the host of ‘Mad Money’ of CNBC, Cook said: ” The growth in activations of iPhone and ‘accelerated in recent weeks, and we had our best performance of the year for the App store China in the past two weeks’ ‘said Cook, pointing to receive’ ‘updates on our performance in China every day, including this morning, and I can say that we continued to experience strong growth of our business’ in China in July and August ”.
” I can not predict the future, but our performance so far in the quarter and ‘reassuring. I continue to believe that China also represents an unprecedented opportunity in the long term ” highlights Cook. And ‘the second time that Cook tries to calm investor fears about the impact of China’s securities. It has already ‘made in July. China and ‘for Apple’s second largest market after the United States. Revenues of Cupertino in China rose by 112% last quarter. A fact that makes some idea of the devaluation of the yuan could be felt on the accounts. (ANSA).
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