Out of all the U.S. tech giants,Dear Utol (2025): Maniac Photographer Episode 26 Apple appears to be the most successful at navigating the bear market storm.
Case in point: for a brief moment last week, Apple's market capitalization exceeded that of Alphabet, Amazon, and Meta – combined.
According to Yahoo Finance, Apple's valuation at the end of the day on Wednesday was $2.31 trillion, while Alphabet, Amazon, and Meta's valuation combined was $2.3 trillion.
SEE ALSO: The early Black Friday Apple Watch deals are just okay so farThe numbers changed since, with Apple's market cap falling to $2.21 trillion at writing time. But it's a testament to how resilient Apple's business is in the wake of a global financial crisis that saw stocks plummeting in the past year or so.
Yes, Apple's stock, currently trading at $138.9, lost some ground since its record value of $179.5 in Dec. 2021. But it's still up from June this year, thanks to strong earnings results in the third quarter of 2022.
Alphabet and Amazon aren't doing nearly as well; Alphabet's stock is trading at $83.4, down from all-time-high of $148.9, while Amazon's stock is at $89.3, down from its record value of $186.
The worst offender, however, is Meta, whose stock has dumped to the depths unseen since 2015, partially fuelled by the company's insistence on spending many billions of dollars on the loosely-conceived, and still largely unproven virtual reality ecosystem called the Metaverse.
Meta's stock is currently trading at $88.9, down from its record value of $378.7 in Sept. 2021. The company's market cap has fallen to just $235.8 billion, making it the 34th largest company in the world — a steep decline, given that it was once the world's sixth largest company, valued at $1.07 trillion.
Topics Apple
(Editor: {typename type="name"/})
Swords into Marketshare
'This is fine' Halloween decoration perfectly nails 2020
How to watch 'Avatar: The Way of Water' at home
The Witch and the Poet: Part 1 by Pamela Petro
Of Damages and Dog Whistles
Jessa Crispin ,June 12, 2018 Nanny State o
...[Details]
Your Holiday Gift Dilemma: Solved! by The Paris Review
Your Holiday Gift Dilemma: Solved!By The Paris ReviewNovember 27, 2012BulletinJust in time for the h
...[Details]
Apple Vision Pro is incredibly expensive, but not for the reason you think
Apple's plans to conquer the augmented reality market with an AR headset called the Vision Pro, whic
...[Details]
Pelican Art, and Other News by Sadie Stein
Pelican Art, and Other NewsBy Sadie SteinDecember 5, 2012On the ShelfPelican porn: a celebration of
...[Details]
The Immediate Experience
...[Details]
Twitter says 'no evidence' Trump's account was hacked with laughably bad password
There is almost no medium on the face of the earth as powerful as President Donald Trump's Twitter a
...[Details]
Norman Mailer, Sporting Goatee by Sadie Stein
Norman Mailer, Sporting GoateeBy Sadie SteinDecember 3, 2012LookDid you know that Norman Mailer once
...[Details]
Happy Birthday, Sharon Olds! by Sadie Stein
Happy Birthday, Sharon Olds!By Sadie SteinNovember 19, 2012Quote Unquote“Writing or making anything—
...[Details]
Contraband
...[Details]
SEC sues Coinbase, Binance crypto exchanges, alleging sale of unregistered securities
These past 12 months haven't been very good for cryptocurrency. These past two days have been especi
...[Details]
I’m just a boy, standing in front a girl, telling her she has a huge ass.
Twitter Blue subscribers now have more time to edit tweets
接受PR>=1、BR>=1，流量相当，内容相关类链接。