NEW YORK: Shares in Apple Inc fell 6 percent on Friday, cutting its market value back to less than $1 trillion after it forecast softer-than-expected sales for the
holiday quarter and fuelled nerves over iPhone sales by saying it would no longer release the figures. The dip in Apple’s shares to $208.50 knocked around $67 billion off its value, and put Amazon and Microsoft Corp back in the mix in the race among the United States’ big tech players to be the world’s most valuable company. The Cupertino, California-based company blamed weakness in emerging markets and foreign exchange costs for a disappointing forecast for sales in the run-up to
Christmas. –Agencies