Apple Earnings Are on Deck as Consumer Demand Softens

Apple

shares have been remarkably resilient in the face of this year’s tech stock selloff, falling less than 15% since the end of December, and sharply outperforming rivals

Microsoft

Alphabet

and

Amazon

which are all down from 26% to 28%.

Apple (ticker: AAPL) sits with a $2.4 trillion market valuation—$500 billion more than Microsoft, $1 trillion more than Alphabet, and nearly double the size of Amazon.