Apple's value plunged nearly $1 trillion in 2022. Here's what that says about the economy

  • 📰 ABC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Entertainment Entertainment Headlines News

Entertainment Entertainment Latest News,Entertainment Entertainment Headlines

'Since the pandemic has been winding down, people have been shifting spending away from consumer electronics to travel, restaurants and ball games,' one analyst said.

9.1% in June, a level last seen more than four decades ago. To dial back the rising costs, the Federal Reserve has undertaken an aggressive set of interest rate hikes.

"Investors are buying their stocks because of expected profit growth long into the future," he said. "They get hit hard." "The state of the consumer is extremely important for a company like Apple," said Zino, adding that the company could withstand a potential drop in consumer spending because products like the iPhone are treated by many as necessities.Supply chain bottlenecks

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This has nothing to do with Democrats. Nope nothing at all.

Oh, so is not just Tesla 🧐

Biden raised the price on everything when he cut off 25% Nation’s oil drilling.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines