Apple, Alphabet, Amazon hurt as economic slump crimps demand

Improving market: A person walks out of an Apple Store in Annapolis, Maryland. Apple CEO Tim Cook says a loosening of Covid rules in China – one Apple’s biggest markets – is helping to brighten the company’s outlook. — AFP

APPLE Inc, Inc and Alphabet Inc, technology bellwethers with a combined market value approaching US$5 trillion (RM21.4 trillion), posted results that show an economic slowdown is throttling demand for electronics, eCommerce, cloud computing and digital advertising – mainstays of the global tech economy.

Apple’s sales fell more than analysts predicted during the holiday quarter, slammed by slack purchases of iPhones and Macs.

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Apple , Amazon , Alphabet , bigtech , earnings , shares , economy , weakness


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