On January 3, 2022, Apple set another record as the first US company to launch. stock market value over three trillion dollars ($3,000,000,000,000). Just a year later, the landscape has changed a lot: the tech giant closed the first session of 2023 on the stock market yesterday, falling below two trillion, its worst value since May 2021.
To a lesser extent, the company that invented the iPhone has also been caught in a hangover that has hit the tech industry in the past 12 months. If in 2021 the company increased its value by 34%, in 2022 it lost about 30%. This decline is due to macroeconomic conditions such as: inflationincrease in interest rates and a possible expectation recessionbut also to investors’ concerns about the impact of covid policies on their factories. Chinesecenter of the production chain.
This Tuesday, Apple closed its trading session with a valuation of $1.99 trillion. So far, it’s been the only company to cross the two billion mark, as it’s both Microsoft and an oil company. Saudi Aramco They left that club last year. Still, Apple remains the most valuable company in the world.
Apple’s latest 3.74% drop comes after a report from Nikkei Asia, the world’s largest financial publication, that the company will ask some of its suppliers to produce fewer parts for devices such as computers. macbookheadphones AirPods or smart watch apple watch.
Still, it’s not all bad news. Reuters reported on Tuesday that supplier Foxconn’s factory in Zhengzhou, where it manufactures iPhones, has returned to near full production after a workers’ dispute there at year’s end.
Apple has managed to weather the industry turmoil much better than its competitors. Aim (Facebook and instagram), Alphabet (Google Y YouTube), Amazon, Netflix anyone tesla2022 hit the business with a 2022 ending almost two decades of easy access to money and sustainable industry growth.
Last September, Apple closed its fiscal year with improvements to both. Income like theirs Benefits net year-on-year increased by 5.4%. Investors are now waiting for the company to announce results for the first quarter of its new fiscal year, which runs from October to December, Apple’s biggest sales season of the year. According to estimates made by the company, these results could be announced on January 26. nasdaqThe US tech stock index and analysts are expecting a slight drop in revenue.