Valuation of Apple crosses the aggregate value of Alphabet, Amazon and Meta

Valuation of Apple crosses the aggregate value of Alphabet, Amazon and Meta

It seems that Apple is far more valuable than one may think. The firm alone is worth more than three of its competitors put together, including names like Alphabet, Amazon, and even Meta. The specifics are provided below.

US tech behemoths have been posting dismal results over the past several months, with the majority of them suffering significant losses. Meta, the brand that owns Facebook, Instagram and WhatsApp, is one example of this. The company reported the highest loss, followed by its evaluation by a huge 20 percent, or 90 billion US dollars. This negative trend wasn’t widespread, though, as the Cupertino-based company managed to see a 6% increase. According to a BusinessIndsider story, Apple revealed its earnings last week, demonstrating that it is worth more than the combined value of its three main rivals.

According to the research, the value of the iPhone manufacturer has increased to US $2.307 trillion. Alphabet, the parent company of Google, is currently valued at $1.126 trillion. In a similar vein, Amazon is estimated to be worth US $940 billion, while Meta is estimated to be around US $240 billion. This essentially demonstrates the degree of discrepancy amongst the biggest tech companies on the planet. It is also important to note that Apple avoided the downward trend that other businesses experienced.

According to the report, the corporation was able to see growth during this period as a result of the introduction of its newest iPhone 14 series. It also had a successful quarter, helped along by its items that catered to several segments and even services. Therefore, the brand’s Mac portfolio of laptops and desktop PCs contributed to its growth at this time as well, in addition to the iPhone.