Apple's recent results
¿ªÔÆÌåÓýThought you might like to reflect on this, with so many of the Tech companies having the wheels come off their stock valuations, note as of close 11-18-22 Apple is down 6.04%, a home run compared to others in the industry.? I also wanted to share that Buffett has purchased another 3.9 million shares and he says his holding of Apple is FOREVER. Why Everything in Tech Seems to Be Collapsing at Once The industry is having a midlife crisis. November 17, 2022 This is Work in Progress, a newsletter by Derek Thompson about work, technology, and how to solve some of America¡¯s biggest problems. The tech industry seems to be in a recession. Although overall unemployment is still very low, just about every major tech company¡ªincluding Amazon, Meta, Snap, Stripe, Coinbase, , Robinhood, and Intel¡ªhas announced double-digit percentage-point layoffs in the past few months. The stock valuations for many of these companies have fallen more than 50 percent in the past year. John |