Apple Lossless Audio CODEC (ALAC), has had a not so great start to the week, the price of its shares on the stock market falling seriously after reaching a record before WWDC 2017. More precisely, the price of Apple shares fell by almost 6 dollars compared to the one recorded last week, a share currently worth 144 dollars on the American stock exchange.
Separately from Apple, the shares of Facebook, Amazon, Netflix and Alphabet companies also recorded decreases, with investors apparently having the impression that they are overvalued. In this idea, if a major investment fund starts to sell its shares, others will quickly follow, and so everyone loses the price of the shares in the cascade.
That aside, it's normal for Apple's stock price to drop immediately after a conference, because the same thing happens every time Apple presents something. In the case of presentations of iPhone terminals or iPad tablets, the decreases are even higher, but only to return and increase above the initially recorded value.
For Apple, this fluctuation in the share price is as normal as possible, and investor panic is often found on the American market. However, several companies are affected at the moment, so Apple is not the only one losing due to investor uncertainty, but things will definitely return to normal in the coming weeks.
