Apple and Amazon lost a 'staggering' $800 billion in market cap in 2022. Here's what that looks like

The value of the two companies' losses dwarf other well-known tech names.

and fourth-quarter guidance was dispiriting. Its performance was line with the tech sector more broadly, which has been hurt by rising interest rates, slowing internet advertising and other factors., Apple still struggled as questions swirled around the popularity of its new products and it faced difficulty with iPhone 14 shipments during the holiday season due to Covid restrictions at its main China factory.

In fact, what each of the two stocks shed in one year alone is more than double the size of Meta's complete market cap.

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