Market value evaporated by nearly one trillion in one year! Apple and Amazon became the "worst" technology giants

It is learned that on January 3rd local time, Apple closed down 3.69% at $125.05 per share, and its market value fell below the $2 trillion mark for the first time since the beginning of 2021. On the same day in 2022, Apple became the first company in the history of the U.S. stock market to reach a market value of $3 trillion.

Data shows that Apple and Amazon are the technology companies with the largest declines in market value in 2022. This year, Apple has lost $846.34 billion in market value and Amazon has lost $834.06 billion. The reduction in market value of these two companies has dwarfed other technology stocks.

However, other large technology companies have suffered larger year-on-year declines than Apple. Shares of Amazon and Facebook-parent Meta have fallen by about 50% and 63% respectively over the past year. In contrast, Apple has fallen by about 31% during the same period.

It’s worth noting that Amazon and Apple are much larger than their peers. Compared to Meta’s year-end market cap of $315.56 billion, Amazon’s market cap is more than double at $856.94 billion, and Apple is several times larger at $2.067 trillion.

In fact, these two stocks each lost more than twice the entire market value of Meta in just one year. This $830 billion loss alone is equivalent to the market value of 10 PayPals.

Amazon’s stock price has fallen as its earnings have struggled and fourth-quarter guidance was dismal. Its performance is in line with the broader technology sector, which has been hurt by rising interest rates, a slowdown in internet advertising and other factors.

Apple was mainly affected by weak demand and supply chain issues.

Apple Inc notified several suppliers in recent days to cut production of components for some of its most popular devices in the first quarter, including AirPods, Apple Watch and MacBooks, sparking speculation about weak demand for Apple products.

Apple, like other technology companies, has been grappling with supply chain problems and worries that recession fears could hurt advertiser and consumer spending, including on higher-priced products like the iPhone.

Ahead of the all-important holiday shopping period, Apple said it was experiencing strong demand for the iPhone 14 Pro and iPhone 14 Pro Max models, but faced difficulties shipping the iPhone 14 during the holiday season due to pandemic-related disruptions at major factories in China.

Apple has also slowed hiring along with other companies in the industry as consumers hold off on big-ticket purchases amid growing concerns about a potential recession that could dent demand. Apple shares fell 3.7% to a 52-week low in Tuesday trading, pushing its market value below $2 trillion for the first time since May.

Editor✎ Ashley/

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