Apple is obviously more valuable than you can imagine. This company alone has a valuation that exceeds the combined of three competitors, including Alphabet, Amazon, and even Meta. Here are all the details. Tech giants in the US have reported weak earnings over the past few months, with many taking a big hit.
An example of this is Meta, which owns Facebook, Instagram and WhatsApp. The company suffered the biggest losses and its valuation was 20 percent, or $90 billion. However, this negative trend was not universal, as the Cupertino giant managed to see 6 percent growth. Apple shared its earnings last week and according to the report BusinessInsidershows that it is more valuable than the sum of its three competitors.
The report says the iPhone maker is now worth $2,307 trillion. Meanwhile, Alphabet (Google’s parent company) is worth $1,126 trillion. Likewise, Amazon is worth $940 billion and Meta is worth $240 billion. This basically shows the level of inequality among the world’s leading tech giants. It’s also worth noting that Apple has managed to avoid the downtrend that other companies are facing.
According to the report, the company, which managed to grow during this time thanks to the launch of the newest iPhone 14 series, also showed a strong performance in this quarter, which was completed with products targeting different categories and even services. As such, iPhone isn’t the only product helping the brand, the range of Mac laptops and desktops has also helped the brand grow during this period.
Source: Port Altele
John Wilkes is a seasoned journalist and author at Div Bracket. He specializes in covering trending news across a wide range of topics, from politics to entertainment and everything in between.