Why Apple stock is doing better than other Big Tech companies
Like most U.S. stocks of late, Apple isn’t doing great, but it’s doing better than other Big Tech companies due to myriad reasons.Jeran Wittenstein for Bloomberg Businessweek:As of Dec. 16, Apple is vastly outperforming other tech giants, whose shares have cratered this year. While Apple has declined 24%, Meta Platforms Inc. has lost 64% of its value and Amazon.com Inc. is down 47%.
The explanation for Apple’s performance begins with its immense profits… In the past five
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