High inflation, lower consumption, a strong dollar – dark clouds are gathering over the American economy. The tech companies are still well positioned, but problems are already emerging at Amazon and Meta.
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Thanks to the iPhone and new service offerings, Apple seems to be in a robust position right now – this is not true of all big tech companies.
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Is the US falling into a recession? The question is currently driving economists and investors around the world. The quarterly figures of the country’s large technology companies were expected to provide clues to an answer this week. With a combined market value of $8 trillion, Apple, Amazon, Microsoft, Alphabet and Meta are the driving forces of the American economy. As is well known, when there is a crisis in Big Tech, the rest of the world’s largest economy soon falters too.
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