Apple juggernaut rolls on

[Wealth Street Investor]  America’s No. 1 Favorite Investment (Is Robbing You Blind) “$20 trillion in U.S. household wealth is invested in a total scam.” Those are the words of retired Lt. Col. Michael J. Carr, U.S. Air Force, CMT, CFTe. I didn’t want to believe it at first … but once he showed me the evidence, I couldn’t dispute it. [Every American with retirement savings should watch this video.]( Sponsored  ---------------------------------------------------------------  WARNING TO ALL U.S. INVESTORS: December 16, 2022... The Day That Will Financially Paralyze 181 Million American Investors... [Here are 3 steps to prepare yourself ]( Sponsored  --------------------------------------------------------------- Apple Inc. was a standout performer in the September quarter even as several of its tech peers struggled, and it is considered as a recession-proof name. What Happened: Apple’s fundamental performance has helped its stock perform relatively better than other big techs. Apple shares did pull back this year amid the macro uncertainties. The stock is down about 18% year-to-date compared to the nearly 33% slump each by the tech-heavy Nasdaq Composite Index and the Invesco QQQ Trust QQQ. The relative outperformance has helped Apple’s market capitalization push past the combined valuations of Meta Platforms Inc. META, Amazon Inc. AMZN and Alphabet Inc. GOOGL GOOG. This was first mentioned by financial YouTuber Joseph Carlson. At Wednesday’s close, Apple’s market cap stood at $2.307 trillion. The market caps of Meta, Amazon and Alphabet were at $240.071 billion, $939.781 billion and $1.126 trillion, respectively, with a cumulative valuation of $2.035852 billion. A comparison with the valuations at the start of the year shows that Apple had a market cap of $2.973 trillion compared to Meta’s $927.94 trillion, Amazon’s $1.735 trillion and Alphabet’s $1.921 trillion. The latter three had a combined valuation of $4.58 trillion at the start of 2022, which was nearly double that of Apple at that point in time. What Makes Apple Tick: Apple’s ability to deliver quarter after quarter is a direct function of its rising installed devices user base. Apple’s sticky ecosystem is able to retain customers as well as grow its user base. CEO Tim Cook said on the fiscal year, fourth-quarter earnings call that the company hit another record on its installed base of active devices, thanks to a quarterly record of upgraders and a double-digit growth in switchers on iPhone. Cook noted particularly strong performances in emerging markets, including India, Southeast Asia and Latin America. The company now has a thriving Services business, which includes revenue from App Store, Apple Music, AppleCare, Apple Pay and Apple TV+, among other things. The company said it now has 900 million paid subscriptions across services on its platform. 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