The news that was shared by Brexit helped to give us an insight about the shares of Apple falling down by 2.8%, it is said that the company already had shares which had a low valuation and closed at $93.40 recently from the past week of $96. The shares trade of Apple takes place at the NASDAQ stock market, it is said that overall, the prices of shares which is down is said to be more than 4%. Even companies like Google, Microsoft and Amazon aw a fall in the share prices between 3.2% and 3.95%.

By this we can clearly state that in regards to the other tech firms, the valuation is said to be excessive. Presently the company value stands at 10.39 P/E, while at 28.444, Google is priced. The value of Microsoft is said to be at 38 times and at 287.73 we have Amazon which is said to be an absurd valuation.

Against the US dollar, the British Pound closed at #1.37 from $1.50, this is said to be the lowest point of the Pond in the past 30 years. With a smaller amount, the value of Euro had also fallen. It is said the exchange rates of the currency plays a very big role in regards to the export pies of Apple. This means that if any foreign currency weakens, it is actually a big problem for the company.

The departure of UK from Europe is said to roil the markets due to the fact that what is involved is said to be uncertain. Till date, no country had even departure from the EU, it is said that the exit was made through a voting system which was a result of a campaign n that had been started. This was done against the advice that had been given by Elite experts.