Is Apple losing money?

Is Apple losing money? Although the company is still breaking revenue records in these past fiscal quarters, it has lost more than $800 billion in capitalization as tech stocks plunged, Bloomberg reports. The publication says the growing concern that the Federal Reserve’s interest-rate increases could tip the US into recession.

Although the company is still breaking revenue records in these past fiscal quarters, it has lost more than $800 billion in capitalization as tech stocks plunged, Bloomberg reports. The publication says the growing concern that the Federal Reserve’s interest-rate increases could tip the US into recession.