Apple Briefly Exceeded Combined Market Value of Amazon, Alphabet, and Meta This Week

Friday November 4, 2022 2:21 am PDT by Sami Fathi

Apple's market value this week briefly eclipsed the value of Alphabet, Amazon, and Meta combined, according to market data by Yahoo Finance.

When markets closed earlier this week, Apple had a market value of $2.307 trillion, while the market value of Amazon, Alphabet, and Meta combined was $2.306 trillion. Alphabet leads the group with a market value of $1.126 trillion alone.

The new valuation comes after Apple reported record-high earnings for the September quarter last week but also comes amid reports the company is drastically cutting down on new hires as it braces for possible economic uncertainty. Apple was the only company out of Amazon, Meta, and Alphabet that had increased market share after reporting their latest earnings.

Apple's market value dipped to $2.21 trillion as markets closed late Thursday.

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Top Rated Comments

Leon Ze Professional

52 months ago

Adding Meta to this hmmm…… interesting.
Meta has lost it way for now. Hopefully they will comeback.

Sorry, I'm hoping for the opposite. That Meta continues to decline and become irrelevant.

Score: 44 Votes (Like | Disagree)

senttoschool

52 months ago

That is the beauty of having a monopoly of the market 🤣

Apple has a monopoly of Apple products and services. iPhone market share is less than Android worldwide. Macs are only 12% of PC market share.

Score: 14 Votes (Like | Disagree)

senttoschool

52 months ago

One reason I'll never sell Apple is that it's hugely desirable for the younger generation. I'm staying in a developing country and if you want to be "cool", you must have an iPhone. In the US, something crazy like 90% of teens uses an iPhone. This means the younger generation will be buying Apple Watches, Macs, iPads, and subscribing to Apple services in the future. Tomorrow's young adults will be more attached to Apple than today's adult generation.

Statistics also show this trend. iPhone surpassed Android market share in the US after a decade of being the distant second. Macs are growing while PCs are shrinking.

Score: 13 Votes (Like | Disagree)

rizzo41999

52 months ago

They’ve got the power of a big bank. Cook will go down as a business operation legend.

Score: 12 Votes (Like | Disagree)

rp2011

52 months ago

Adding Meta to this hmmm…… interesting.
Meta has lost it way for now. Hopefully they will comeback.

I am surprised people still use Facebook. Is was so cringeworthy even in it's heyday, now it feels unimaginably cringeworthy. It will be good to see it finally disappear.

Score: 11 Votes (Like | Disagree)