Apple Co-Founder Steve Wozniak Doesn't Track AAPL
CNBC's Scott Wapner sits down with Apple co-founder Steve Wozniak, to discuss Tesla, Apple's performance in the market and what the future could hold for Apple.
Apple shares tanked earlier after Lumentum Holdings, which makes technology for the iPhone's face-recognition function, cut its outlook for fiscal second quarter 2019. Lumentum CEO Alan Lowe said one of its largest customers asked the company to "materially reduce shipments" for its products. Shares of Lumentum plunged 33 percent.
The decline in Apple pressured the broader technology sector. The Technology Select Sector SPDR dropped 3.5 percent. Alphabet and Amazon shares pulled back 2.7 percent and 4.3 percent, respectively. Amazon shares fell into bear-market territory, down about 20 percent from its 52-week high. Apple's decline and worries over trade overshadowed two large corporate deals.
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Apple Co-Founder Steve Wozniak Doesn't Track His Apple Stock
Видео Apple Co-Founder Steve Wozniak Doesn't Track AAPL канала CNBC
Apple shares tanked earlier after Lumentum Holdings, which makes technology for the iPhone's face-recognition function, cut its outlook for fiscal second quarter 2019. Lumentum CEO Alan Lowe said one of its largest customers asked the company to "materially reduce shipments" for its products. Shares of Lumentum plunged 33 percent.
The decline in Apple pressured the broader technology sector. The Technology Select Sector SPDR dropped 3.5 percent. Alphabet and Amazon shares pulled back 2.7 percent and 4.3 percent, respectively. Amazon shares fell into bear-market territory, down about 20 percent from its 52-week high. Apple's decline and worries over trade overshadowed two large corporate deals.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
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#CNBC
#AAPL
#Apple
Apple Co-Founder Steve Wozniak Doesn't Track His Apple Stock
Видео Apple Co-Founder Steve Wozniak Doesn't Track AAPL канала CNBC
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