Market-cap prices have been updated to trillions, not billions. Apple Inc. shares have held up far better than those of its Big Tech peers over the past month, and that’s helped the company to a staggering feat: The smartphone giant is now worth more than Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. combined.
finished Wednesday’s session with a $2.307 trillion market capitalization, according to Dow Jones Market Data. Alphabet
were worth a combined $2.306 trillion. The comparison was flagged on Twitter by financial YouTuber Joseph Carlson. The contrast illustrates the sharp comedown in technology shares this year. Apple was worth $2.913 trillion to close out 2021, according to Dow Jones Market Data. The grouping of Alphabet, Amazon and Meta was worth $4.410 trillion at that time. Apple’s stock has outperformed those of its three tech peers over both the past month and the course of 2022. Shares of Apple are up 4.9% in the past month, while shares of Alphabet are down 9.1%, shares of Amazon are off 18.5% and shares of Meta are down 33.3%. On a year-to-date basis, Apple’s stock has lost 18.3%, while Alphabet’s has declined 40.5%, Amazon’s has fallen 44.7% and Meta’s has plunged 73.1%. Apple’s stock has also had a better start to the week than any of those other three Big Tech names, though all four are down. The four companies each reported earnings last week, and only Apple’s numbers were met …