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Apple Co-Founder Steve Wozniak Doesn't Track AAPL
Posted
November 13, 2018
Views
389,361
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5,303
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862
Engagement
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November 13, 2018
389,361
5,303
862
1.58%
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15:25Now PlayingCNBC'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
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