Apple, Microsoft, Tesla, and Meta see a combined $625 billion wipeout in market value amid August's stock slump

Four Big Tech companies - Apple, Microsoft, Tesla, and Meta - collectively lost $625 billion in market value this month, likely due to seasonal trends and a broader decline in US equities triggered by higher bond yields.

businessinsider.com

Relevant topic timeline:

8/3/2023

Apple services are making more cash than ever, but revenue shrank for the third quarter in a row

Main topic: Apple's financials in Q3 2023 Key points: 1. Apple's revenue from its Services segment reached an all-time high of $21.2 billion, growing 8% year-over-year. 2. iPhone, Mac, and iPad revenue declined compared to a year ago, with iPad sales experiencing the largest drop. 3. Overall, revenues dropped less than 2% year-over-year, while profits increased about 2% to $19.9 billion.

8/30/2023

4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta's entire market value

Four major tech companies, including Apple, Alphabet, Microsoft, and Meta, have collectively spent over $1 trillion on stock buybacks in the past decade, exceeding the market values of Tesla, Meta, and Berkshire Hathaway.

6/30/2023

Apple’s market value ends above $3 trillion for the first time

Apple's stock market value surpassed $3 trillion for the first time, driven by signs of improving inflation and expectations of successful expansion into new markets, with technology stocks rebounding on bets that the US Federal Reserve may slow its rate hikes.

9/7/2023

Apple Loses $200 Billion in Market Value over the Past Two Days

Tech giant Apple has lost $200 billion in market value over the past two days after China banned its government from using iPhones, resulting in a 3.4% drop in shares and making Apple one of the worst performers in the Dow Jones Industrial Average.

9/11/2023

Stocks Rebound after Tech Leads First Losing Week in 3; Focus Turns to Key Inflation Data

U.S stocks are recovering from losses, with the S&P 500 and Dow Jones Industrial Average both up 0.4%, as tech stocks lead the market higher and investors await key data on inflation this week.

9/12/2023

Stocks Retreat from Recent Rally Ahead of Key Inflation Data

Dow Jones futures, along with S&P 500 futures and Nasdaq futures, were unchanged after hours as the stock market rally experienced losses, with the S&P 500 and Nasdaq dropping below the 50-day line, while energy stocks led and software retreated. Apple stock fell after unveiling the iPhone 15 and other products, while stocks such as Salesforce, Alphabet, General Electric, Shopify, and Nvidia remained in or near buy areas. The CPI inflation report and Adobe earnings are potential market catalysts.

9/15/2023

Apple Leads Big Tech on Climate Goals But Still Trails on Device Repairability, While Smaller Fairphone Excels on Sustainability

Apple is leading the mobile industry in terms of sustainability, with initiatives such as e-waste recycling and renewable energy use, while other major manufacturers like Samsung and Xiaomi are falling behind.

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Posted 8/26/2023, 10:08:00 AM