Talking about the Big Tech of all, $Apple(AAPL)$, this news reported on MarketWatch caught my eyes.
Apple now valued at more than Amazon, Alphabet and Meta — combined.
In fact, Apple shares have held up far better than those of its Big Tech peers over the past month, and that's helped the company to a staggering feat. Apple is worth more than Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. combined. See picture dated 3 Nov 2022.
From their reportings, Meta performed the worst with a drop of more than 30% level before the earnings report. In comparision, Apple's numbers were met with a positive stock reaction in the beginning, though in downside thereafter. Looking at the charts, Apple price is ranging and does not expose to adverse swings.
In this era of soaring interest and with added inflationary pressures, Tech sector historically were not as resilient as other sectors. Leisure and hospitality sectors have added more jobs whilst there were depressing news on layoffs and hiring freeze in Tech companies.
To buy Apple Shares or Products is thought provoking; given the limited resources for retailer
investors. I reckon for me, buying into long term perspective, shares are better bet. What do you think (albeit the need to replace mobile devices. :)) ?
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