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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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Xiaomi Officially Launches In Nigeria On April 24

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Xiaomi Officially Launches In Nigeria

On April 24, Xiaomi Officially Launches In Nigeria .Earlier this year I made a post about Xiaomi having plans to expand to African countries this year and they’ll be taking on big brands like Tecno, Infinix and iTel.  Xiaomi has announced on it’s official page that it’ll be debuting officially in Nigeria as a brand in Lagos on the 24th of April.

 

This is definitely going to be interesting .Xiaomi is undoubtedly one of the biggest brands in the world and launching in Nigeria is a very good move. I think it has set the Transsion big boys on a new path and would bring healthy competition no doubt.

Xiaomi Officially Launches In Nigeria

Xiaomi Officially Launches In Nigeria

However, Tecno , Infinix and iTel still control almost 80 percent of the smartphone market, it’ll be interesting to see how Xiaomi fares over here despite the harsh economic situation. I do hope they can find room to thrive here. All the same it’s good to see an Mi Launch in Nigeria.

Welcome To Nigeria, Xiaomi.

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Infinix Hot S4 With Triple Camera – Full Features, Specs And Price In Nigeria

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Infinix S4

Infinix just released a new device into the market – The Infinix Hot S4 and it’s their first device to come with a tear drop notch and triple cameras and it’s pretty impressive I must say.

The Infinix Hot S4 sports a 6.26-inch IPS LCD display. Under the hood is a MediaTek MT6762 Helio P22 SoC coupled with 6GB of RAM + 64BGB of storage. There’s also a triple rear camera setup, housed by a 4,000mAh battery capacity.

Infinix Hot S4 With Triple Camera - Full Features, Specs And Price In Nigeria 10

The Infinix Hot S4 runs on Android 9 Pie out of the box, and comes with triple rear camera 13MP + 8MP + 2MP rear camera and 32MP front facing camera.

Highlights Specifications of Infinix Hot S4

Infinix Hot S4 With Triple Camera - Full Features, Specs And Price In Nigeria 11

Design and Display

Dimensions: 156 x 75 x 7.9 mm
Weight: Display: 6.2 inches, 1520 x 720 pixels, 19:9 aspect ratio, IPS TFT, FullView curved glass screen with waterdrop notch.
Sensors: Fingerprint (rear-mounted), Face Unlock, Accelerometer, Ambient Light sensor, Proximity sensor, Gyroscope.
Build: Dual 2.5D Glass Body.
Colours: Black. Purple. Blue.

Infinix Hot S4 With Triple Camera - Full Features, Specs And Price In Nigeria 12

Wireless Network and Software

2G mobile network bands: GSM, GPRS, EDGE 850 / 900 / 1800 / 1900 MHz
3G mobile network bands: UMTS, WCDMA, HSDPA 900 / 1800 / 2100 MHz
4G mobile network bands: LTE 1(2100) / 3(1800) / 5(850) / 8() / 38() / 40(2300) / 41(2500)
SIM Type: Nano-SIM, Dual SIM
Software / OS: Android 9 Pie + XOS 5.0 Cheetah.

Hardware Specs

Infinix Hot S4 With Triple Camera - Full Features, Specs And Price In Nigeria 13

Processor Type: 64-bit, 2.0 GHz, Octa-core Cortex-A53
Processor Name: Mediatek Helio P22
Graphics Processor: ‎IMG PowerVR GE8320 @520MHz
RAM: 3 GB / 6 GB
Internal Storage: 32 GB / 64 GB
External Storage: microSD, up to 128 GB (dedicated slot)

Cameras

Rear Camera: 13 MP + 8 MP + 2 MP triple camera, f2.2 Aperture, quad LED flash, [email protected] video recording
Front-facing Camera: 32 megapixels, f2.0 Aperture, AI selfie, AI Face Recognition, [email protected] video capture.
Audio and Video Playback

Music Support: PCM, AAC / AAC + / eAAC + / MP3 / AMR – NB / WB / APE
Audio: 3.5 mm audio jack
Loudspeaker: Mono speakers
Video Support: H.264/MP4/MPEG4 player
FM Radio: Yes

Infinix Hot S4 With Triple Camera - Full Features, Specs And Price In Nigeria 14
Connectivity

Bluetooth: v5.0, A2DP
WiFi: Wi-Fi 802.11 b/g/n, hotspot
GPS: Yes, A-GPS, GLONASS, BDS
USB: microUSB v2.0; USB-OTG
Battery: Non-Removable Lithium-Polymer 4000 mAh capacity with support for 5V/2A fast charging.

Pricing

  • 3GB + 32GB variant sells for N49,900, while the 6 GB + 64GB variant sells for N64,500.

It will be available in Nigeria, Ghana, Uganda, Tanzania, Kenya, and others.

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