Sometimes it takes a little perspective to really understand the significance of a particular statistic. Such was the case with the huge losses tallied by Apple and Amazon last year.
These two stocks are the biggest losers in market capitalization in 2022. Apple lost $846.34 billion in value and Amazon lost $834.06 billion. Market cap measures the combined value of all shares of a company.
The value of each of the two companies reduces the total size of the other home tech stocks. Bespoke Investment Group called the numbers “shocking” in a tweet.
Amazon shares sink when the company’s income is disturbed and fourth quarter guidance has been scattered. Its performance is in line with the tech sector as a whole, which has been hit by rising interest rates, slowing internet advertising and other factors.
Although one of the a few big tech names to avoid a drop in earningsApple remains baffled as questions surround the popularity of new products and it struggles with holiday iPhone 14 shipments due to Covid-19 restrictions at its main factory in China. .
The personal tech giant also has slow down the pace of recruitment joins others in the sector as concerns grow about the possibility of a recession, which could reduce demand as consumers delay buying expensive items to save money. Apple stock fell 3.7% in Tuesday trading – hitting a 52-week low due to its market capitalization fell below $2 trillion for the first time since May.
But what might be lost in the data is the size of these two companies on the stock market. Compared to colleagues Meta . Platform‘ Year-end market cap of $315.56 billion, Amazon is more than double in size at $856.94 billion. On December 30, Apple was many times that size at $2.067 trillion.
In fact, each of the two stocks that fell in price in just one year has been more than double the size of Meta’s complete market capitalization.
That $830 billion loss alone is equivalent to
