Apple is apparently worth a lot more than one would image. The company alone has a value that surpasses three of its rival combined, which includes the likes of Alphabet, Amazon, and even Meta. So here are all the details.
Over the last couple of months, tech giants in the US have been reporting weak earnings, with most of them taking big hits. Examples of this includes Meta, which owns Facebook, Instagram, and WhatsApp. The company saw the largest loss, with its evaluation following by a significant 20 percent or a whopping 90 billion US Dollars. However, this negative trend wasn’t universal as the Cupertino based giant managed to see a rise of 6 percent. Apple shared its earning last week, and according to a BusinessInsider report, this shows that it worth more than the sum of three of its competitors.
The report stated that the iPhone maker is now worth 2.307 trillion US Dollars. Meanwhile, Alphabet (Google’s parent company) is worth 1.126 trillion US Dollars. Similarly, Amazon is evaluated at 940 billion US Dollars and Meta is worth 240 billion US Dollars. This basically shows the level of disparity among the world’s top tech giants. Furthermore, it is worth noting that Apple managed to avoid the trend of decline, which the other companies faced.
Based on the report, the company managed to see growth during this time thanks to the launch of its latest iPhone 14 lineup. It also saw a strong performance in this quarter, which was complimented by its products that targeted various categories and even services. So, the iPhone isn’t the only product that helped the brand, with its Mac lineup of laptops and desktop PCs also helping the brand see a rise during this period.
RELATED:
- Samsung ad mocks Apple for not having a foldable iPhone
- Largest Apple iPhone factory sees 7 day lockdown in China
- Apple iPhone 14’s screen is easier to repair, but there’s a catch
- Apple iPhone SE 4’s display size yet to be confirmed, OLED panel in rumors
