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Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World

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Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World 1

Apple just lost $57 billion in the stock market and dropped to the fourth most valuable company. I actually saw this coming and I didn’t think it would come so soon. Have a look at my post on Facebook on December 15th, 2018.

Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World 2

Apple’s Falling Stocks
Their products are simply overpriced, It costs basically around $300 to build an iPhone and they sell it at above $1000 while there are phones with better features that cost less. I bet Steve Jobs (God bless his soul) wouldn’t allow this unacceptable overpricing.

Apple Loses $57 Billion , Drops To 4th Most Valuable Company In The World 3

Apple stock initially opened on Thursday at $144 which was around a $14 drop from its already plummeting price when the markets closed on Wednesday.

Now, their stock is at its lowest price in almost 2 years. The current stock price pushes the Cupertino Company down to the fourth most valuable company behind Microsoft, Amazon, and Google.

Their current market value now sits at about $57 billion less than it did before CEO Tim Cook’s letter to investors yesterday.

Tim cook had placed the blame for Their lowered projections on a number of factors such as fewer than expected iPhone sales, trade wars with China, and even its own iPhone battery replacement program.

However, since becoming the first trillion dollar company last year, they have continuously experienced a continuous slide downward in market value.

The company has lost around $450 billion since hitting its peak of $1.1 trillion leaving it with around $600b.

Michael Ajah is a Computer Science Student of The University of Port Harcourt and a Chelsea Fan. He loves RnB and a little mix of Trap Music. An awesome tech reviewer and analyst. Email - [email protected]

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networks

MTN Night Plan Reduced – See New 2019 Data Plan

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MTN Night Plan Reduced - See New 2019 Data Plan 10

If there’s one thing I hate about MTN is the way they make some changes to data plans, they’re just punishing subscribers. With the MTN Night Plan reduced you may want to look into another data plan for your night crawling needs.

MTN Night Plan Reduced

Around August last year, the plan was initially reduced from 500mb for N25 to 125MB and from 1GB for N50 to 500MB. And now, the plan has been reduced again.

 

MTN Night Plan Reduced

 

MTN Night Plan Reduced

To be honest, this is annoying. Basically, you’ll now get 125MB for N25 and 250MB for N50. However, there’s an alternative . The Airtel night plan still offers you something better; with N25, you’ll get 500MB.

So MTN –

MTN Night Plan Reduced

 

Also you can simply check out my post about affordable data plans if you are looking for an alternative.

 

 

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Xiaomi

Xiaomi Partners With Jumia Nigeria To Compete With Tecno And Infinix

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Xiaomi Partners With Jumia Nigeria To Compete With Tecno And Infinix 11

In an effort to take the African mobile space there’s a new development – Xiaomi partners with Jumia. They will have access to sell their phones exclusively on the popular e-commerce platform. If you remember clearly I made a post concerning Xiaomi’s plans to come back to Africa and now they have partnered with Jumia.

Xiaomi Partners With Jumia

 

Xiaomi Partners With Jumia- What It Means

This partnership means Jumia will open the Mi official store on its platform and give Xiaomi access to millions of online customers across 14 countries in Africa while Jumia will be able to offer the Redmi Go (1GB+8GB) exclusively in Africa as well as other devices later in the year.

 

Xiaomi Partners With Jumia

According to Xiaomi VP –

We believe in working with companies that share our values and delighted to partner with Jumia to reach more Mi fans across Africa,” said Wang Xiang, Senior Vice President of Xiaomi. “The e-commerce model is part of Xiaomi’s DNA and we believe that working with Jumia will help us bring innovation for everyone across the continent.”

This partnership covers Nigeria, Egypt, Kenya, Ivory Coast, Morocco, and Ghana, and will gradually expand to other countries where Jumia operates. Most markets will be directly supplied from China.

 

Xiaomi Partners With Jumia- What I Think About It

In general, I’d say this is a bold move from Xiaomi but if they want to really shake the big boys here (Tecno, Infinix and Itel) , they should provide offline stores in the top 5 cities in the country – Lagos , Port Harcourt , Abuja , Kano And Ibadan.

Also they should provide excellent customer service and service centers in those locations as well. A lot of people are still scared of buying things online.

Last but not least, they should have a new branch Xiaomi Nigeria and the team should engage in massive marketing from billboards to digital ads. Personally, I feel fellow techies like me wouldn’t say they don’t know Xiaomi but if they really want to reach out to everyone , ads are a must and one more thing. Don’t forget tech reviewers not based in Lagos, Cheers.

 

 

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