International News
Apple loses up to $81 billion in market value as shares tumble 4% post iPhone 12 launch
Apple stock fell as much as 4% on Tuesday as the tech giant unveiled its first slate of 5G- phones iPhone 12 range, erasing $81 billion worth of market value. The stock recovered some losses and closed down 2.7%. The tech giant revealed its first 5G-capable lineup of phones spread across four new models.
Apple’s new phones will be available in a 6.1-inch iPhone 12, 5.4-inch iPhone 12 Mini and the iPhone 12 Pro in 6.1-inch and 6.7-inch sizes, all of which support 5G. The new phones will also boast more durable screens, upgraded cameras, and a faster processor.
According to BusinessInsider, shares traded at an intraday loss before the event but slid further after the reveal began at 1 p.m.
At the stock’s intraday low of $119.65 per share, Apple saw $81 billion erased from its market capitalization. Apple traded at $121.97 per share as of 3:35 p.m. ET Tuesday, up roughly 67% year-to-date.
The Apple iPhone launch event adopted the usual concept of going online (for this year at least) and was recorded from the Apple Park.
The new 2020 iPhone 12 lineup includes four iPhones this time – the iPhone 12, the iPhone 12 Mini, the iPhone 12 Pro, and the iPhone 12 Pro Max – changing the number of iPhones per year henceforth.
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Entertainment.
Husband Mark Zuckerberg fulfils ‘disco queen’ Priscilla Chan’s demand for a party and how
Mark Zuckerberg’s party for Priscilla Chan has won people over. Many were surprised by the tech billionaire’s makeover.
Mark Zuckerberg never shies away from sharing glimpses of his sweet and heartwarming moments with his family. From sharing pics of a statue of his wife, Priscilla Chan, to turning into a nail artist for his daughter, he regularly posts visuals which wow people. In a similar post, he shared pictures to show what he did when his “disco queen” wife asked for a party.
“Disco queen wanted a party,” Zuckerberg wrote as he posted the pictures. The first photo shows the couple sharing an intimate moment while kissing each other. The other images show them enjoying the party, with both dressed in shimmery clothes.
What did social media say?
“I always knew you were this cool,” posted an Instagram user. “He changed after attending Ambani’s wedding,” joked another. This has been a viral remark after Mark Zuckerberg’s recent wardrobe update, including Hawaiian shirts and a thick gold chain, which coincidentally happened after he attended Anant Ambani and Radhika Merchant’s first pre-wedding festivities.
“Absolutely enjoying this beautiful life,” commented another. A third expressed, “Zuck’s glow up needs to be studied in universities.” A fourth shared, “Couple goals!”
Also Read: ‘All unacceptable to share publicly’: Mark Zuckerberg talks about his favourite memes. Watch
A fifth wrote, “Priscilla is on fire! And you too.” Many reacted to the post using heart or fire emoticons.
Roman-inspired statue
A few days ago, the Meta CEO unveiled a giant statue in his backyard. Created by Daniel Arsham, it is a larger-than-life statue of his wife.
He met Priscilla Chan at Harvard University in 2003 as a student. The couple later got married in 2012. They have three daughters: Maxima, August (born August 2017), and Aurelia.
What are your thoughts on these pictures Mark Zuckerberg shared of a party he hosted for his wife, Priscilla Chan?
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