Sidebar Sidebar
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

Apple Briefly Exceeded Combined Market Value of Amazon, Alphabet, and Meta This Week

MacRumors

MacRumors

macrumors bot
Original poster
Apr 12, 2001
68,189
38,977


Apple's market value this week briefly eclipsed the value of Alphabet, Amazon, and Meta combined, according to market data by Yahoo Finance.

Apple-Logo-Cash-Feature-Blue.jpg

When markets closed earlier this week, Apple had a market value of $2.307 trillion, while the market value of Amazon, Alphabet, and Meta combined was $2.306 trillion. Alphabet leads the group with a market value of $1.126 trillion alone.

The new valuation comes after Apple reported record-high earnings for the September quarter last week but also comes amid reports the company is drastically cutting down on new hires as it braces for possible economic uncertainty. Apple was the only company out of Amazon, Meta, and Alphabet that had increased market share after reporting their latest earnings.

Apple's market value dipped to $2.21 trillion as markets closed late Thursday.

Article Link: Apple Briefly Exceeded Combined Market Value of Amazon, Alphabet, and Meta This Week
 
Article Link
https://www.macrumors.com/2022/11/04/apple-market-value-alphabet-meta-amazon/
  • Wow
  • Haha
Reactions: u+ive and Saipher
Advertising has only been 1-1.5% of the world's GDP since 1925.

This means the longterm growth potential of ad-based business models is limited, and it's rather surprising Alphabet and Meta have not done more to diversify their revenue streams outside of advertising.

My hypothesis: companies that are used to making a product/service that users get for free (i.e. where the user is the product being sold) probably aren't intensely focused or skilled in the art of making a valuable, quality product, thus making the transition to paid products/services inherently difficult.
 
Last edited:
  • Like
Reactions: klm9210, Darkwalker, AppleEnthusiast1995 and 7 others
One reason I'll never sell Apple is that it's hugely desirable for the younger generation. I'm staying in a developing country and if you want to be "cool", you must have an iPhone. In the US, something crazy like 90% of teens uses an iPhone. This means the younger generation will be buying Apple Watches, Macs, iPads, and subscribing to Apple services in the future. Tomorrow's young adults will be more attached to Apple than today's adult generation.

Statistics also show this trend. iPhone surpassed Android market share in the US after a decade of being the distant second. Macs are growing while PCs are shrinking.
 
  • Like
  • Disagree
Reactions: MartyvH, Table Top Joe, IamTimCook and 12 others
senttoschool said:
One reason I'll never sell Apple is that it's hugely desirable for the younger generation. I'm staying in a developing country and if you want to be "cool", you must have an iPhone. In the US, something crazy like 90% of teens uses an iPhone. This means the younger generation will be buying Apple Watches, Macs, iPads, and subscribing to Apple services in the future. Tomorrow's young adults will be more attached to Apple than today's adult generation.

Statistics also show this trend. iPhone surpassed Android market share in the US after a decade of being the distant second. Macs are growing while PCs are shrinking.
Click to expand...

I disagree. That is just me though.
 
rp2011 said:
I am surprised people still use Facebook. Is was so cringeworthy even in it's heyday, now it feels unimaginably cringeworthy. It will be good to see it finally disappear.
Click to expand...
Most people don't. While people still have FB accounts, nearly all my friends are no longer active on it. In fact, the most active type of post on FB in my age group is happy birthday posts. And half the time, the birthday person doesn't even reply.

However, Instagram is hugely popular in my age group.

The problem with Instagram is that it's doing the exact same thing that made Facebook unpopular in my age group. It's turning itself into a media consumption app instead of a social app with your friends. If you recall, Facebook decided to train their algorithms to show news, articles, and random videos instead of your friends' posts. This eventually backfired. Instagram is doing the exact same thing. Now Instagram feels less personal which means people might find a different platform to latch onto next.

The people optimizing Instagram and Facebook are only optimizing based on A/B test results. If a test shows that there's more time spent and more engagement, it's pushed to production. The problem with this approach is that you have no vision of what the app should be. Eventually, it becomes a monster and people hate using it.
 
Last edited:
  • Like
Reactions: MartyvH, dabotsonline, Madhava and 7 others
Good to see Apple doing good. It was built as a risk taker that created new products that were never built upon piggybacking. Intel had Microsoft, all software piggybacked both. Apple has always had a low marketshare of users compared to the others and charged a premium. Peøple who cared about good products were willing to pay extra.

Apple has did it the hard way, they deserve everything they are reaping.The computer and phone business today are something they took big gambles to bring to market. The original Apple computer started against all odds in a garage, and the iPhone completed against a mature market when Apple was still struggling to compete.

And now with Apple Silicon Apple computers are once again the best in the market and Intel will be lucky to stay in business.
 
Last edited:
  • Like
Reactions: AppleEnthusiast1995, SMacDuff, dabotsonline and 6 others
senttoschool said:
Most people don't. While people still have FB accounts, nearly all my friends are no longer active on it. In fact, the most active type of post on FB in my age group is happy birthday posts. And half the time, the birthday person doesn't even reply.

However, Instagram is hugely popular in my age group.

The problem with Instagram is that it's doing the exact same thing that made Facebook unpopular in my age group. It's turning itself into a media consumption app instead of a social app with your friends. If you recall, Facebook decided to train their algorithms to show news, articles, and random videos instead of your friends' posts. This eventually backfired. Instagram is doing the exact same thing. Now Instagram feels less personal which means people might find a different platform to latch onto next.
Click to expand...

Look what happen to Myspace.

History repeats itself.
 
  • Like
Reactions: dabotsonline, Captain Trips and DelayedGratificationGene
senttoschool said:
Most people don't. While people still have FB accounts, nearly all my friends are no longer active on it. In fact, the most active type of post on FB in my age group is happy birthday posts. And half the time, the birthday person doesn't even reply.

However, Instagram is hugely popular in my age group.

The problem with Instagram is that it's doing the exact same thing that made Facebook unpopular in my age group. It's turning itself into a media consumption app instead of a social app with your friends. If you recall, Facebook decided to train their algorithms to show news, articles, and random videos instead of your friends' posts. This eventually backfired. Instagram is doing the exact same thing. Now Instagram feels less personal which means people might find a different platform to latch onto next.

The people optimizing Instagram and Facebook are only optimizing based on A/B test results. If a test shows that there's more time spent and more engagement, it's pushed to production. The problem with this approach is that you have no vision of what the app should be. Eventually, it becomes a monster and people hate using it.
Click to expand...
Every generation has its own gingeworthy sector or fad. Bell bottom pants, shoulder pads, fanny packs, myspace, Facebook, Instagram, TikTok. Every generation goes through their ugly stage.
 
Last edited:
  • Like
Reactions: MartyvH, TheYayAreaLiving 🎗️, Captain Trips and 1 other person
rp2011 said:
Every generation has its own gingeworthy sector. Bell bottom pants, shoulder pads, fanny packs, Facebook, Instagram, TikTok. Every generation goes through their ugly stage.
Click to expand...
The problem for Meta is that they don't have an app for the next generation after Instagram.
 
  • Like
Reactions: Captain Trips
senttoschool said:
Apple has a monopoly of Apple products and services. iPhone market share is less than Android worldwide. Macs are only 12% of PC market share.
Click to expand...
Exactly, Apple has never had a monopoly on anything. They were always the underdog doing their own thing. Good to see the underdog win. Hope Apple does not become complacent as most companies that get this big eventually get.
 
  • Like
Reactions: MartyvH, SMacDuff, mhnd and 4 others
Does Facebook count anymore? It's now worth less than Home Depot
 
rp2011 said:
Good to see Apple doing good. It was built as a risk taker that created new products that were never built upon piggybacking. Intel had Microsoft, all software piggybacked both. Apple has always had a low marketshare of users compared to the others and charged a premium. Peøple who cared about good products were willing to pay extra.

Apple has did it the hard way, they deserve everything they are reaping.The computer and phone business today is something they took big gambles to bring to market. The original Apple computer started against all odds in a garage, and the iPhone completed against a mature market when Apple was still struggling to compete.

And now with Apple Silicon Apple computers are once again the best in the market and Intel will be lucky to stay in business.
Click to expand...
Not only that, but the services. I started off with a free iCloud account, and the iPhone/Mac integration is just incredible. It’s made the services indispensable for me, and makes it harder to consider moving away from the Apple ecosystem. And I’m not complaining. It makes a lot of things easier, and my work more productive.
 
  • Like
Reactions: mhnd, Captain Trips and rp2011
Any social media ie Google(YouTube)meta snap etc are very vulnerable as that smart guy in the garage can come up with something (tiktok) out of nowhere. That’s why meta for example has to buy the new threats (Instagram) however you can’t make Apple products in a garage that’s for sure or anywhere else for that matter as Msft, Google, Samsung, LG, Chinese phones have all tried to knock off Apple and have failed miserably.
 
Last edited:
  • Like
  • Haha
Reactions: Babygotfont, mhnd, TheYayAreaLiving 🎗️ and 1 other person
I have a pretty cool idea that may take off. Doubt it but you never know.
 
You must log in or register to reply here.
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.
Top Bottom
Back