Apple, Alphabet and Amazon hurt as economic slump crimps demand

Posted February 5th, 2023 by Brahm Canzer & filed under Company Analysis, Economic Analysis, Financial analysis, Governments & Regulators, Growth & Valuation, Industry Analysis, Market Analysis, Personal Finance.

Description: Technology bellwethers Apple Inc., Amazon.com Inc. and Alphabet Inc. posted results Thursday that show an economic slowdown is throttling demand for everything from electronics and e-commerce to cloud computing and digital advertising.

Source: BNNBloomberg.ca – video report

Date: Feb 02, 2023

Link: https://www.bnnbloomberg.ca/apple-alphabet-and-amazon-hurt-as-economic-slump-crimps-demand-1.1878740

Questions for discussion:

What does the report say about the way the economic slump has affected these firms?
What are the prospects for recovery for these firms?
How should investors deal with these stocks?