Leading
US shares have fallen on Wall Street, dragged lower by Apple, which slipped
3.5% after the technology giant was forced to pull an update to its iOS 8
operating system.
The
main Dow Jones index was down more than 200 points, or 1.3%, at 16,986 in early
trading.
Investor
confidence was also knocked by weak durable goods orders figures released by the
Commerce Department.
European
markets also fell sharply after Wall Street opened.
Germany's
Dax and France's Cac 40 indexes were down about 1.5%, while the UK's FTSE 100
was 1.2% lower.
'Under fire'
Other
technology stocks listed on Wall Street were also hit by Apple's slide - both
Microsoft and Intel were down 1.6%.
Earlier,
the world's biggest technology company apologised after
an update to iOS 8.0.1
left some iPhone users unable to make or receive calls.
The
company is also under fire following claims that its new iPhone 6 Plus had bent
while in users' pockets.
Analysts
suggested Apple would soon overcome these issues and its shares would soon
recover.
"Apple's
decline is due to a confluence of unforced errors such as the botched iOS 8
update but, with the stock holding up well following the recent product
announcements, today's declines could be more of a dip that offers a buying
opportunity rather than the start of a bigger slump," said Chris Beauchamp,
market analyst at IG.
Meanwhile,
the Commerce Department said durable goods orders had fallen more than 18% in
August from July, to $245bn. However, the drop was largely expected and
followed a sharp increase in July, largely due to a jump in orders at airplane
maker Boeing.
BBC
Business
No comments:
Post a Comment