Apple (AAPL) has just unveiled their revenue for the last three months of 2022 and the numbers are down 5% to $117.2 billion. This is rare for the big tech giant as the drop marks the first time Apple has had year-over-year revenue since 2019. Shares of Apple have began dropping as far as 4% in after-hours trading on Thursday. A quote from Apple CEO Tim Cook states, “As a result of a challenging environment, our revenue was down 5% year over year, but I’m proud of the way we have navigated circumstances seen and unforeseen over the past several years…”
The five ETFs with the highest exposure to Apple (AAPL) are:
XLK — Technology Select Sector SPDR Fund (22.35%)
FTEC — Fidelity MSCI Information Technology Index ETF (20.69%)
VGT — Vanguard Information Technology ETF (20.40%)
IXN — iShares Global Tech ETF (19.27%)
IYN — iShares U.S. Technology ETF (17.44%)