AppleStock is now down by more than 8 percent this week. It has taken $200 billion off the Dow and Nasdaq indices and caused a slide in their value. Apple has officially been declared in a bear marketAlongside other tech megastocks.

Apple fell during a poor week for equity market stocks, who are selling off stocks across almost all industries on concerns of Fed rate rises, lower consumer confidence, and challenges in supply chains around the globe. This week, the Nasdaq Composite has fallen by more than 7%. on paceA six-week losing streak.

Apple has some supply chain issues, but this week’s outlook isn’t significantly different.

This company was traditionally regarded as an investment “safe haven” for money. Its sale alongside all other stock is bad news for investors and an indicator of investor uncertainty.

Renaissance Macro Research’s Jeff DeGraff told CNBC on Thursday that in a bear market, there’s nowhere to hide — and that includes Apple.

DeGraff explained that tech leaders will start to assume the role of tech heads, which is a sign they want all things.

Nick Colas, Datatrek founder, said that “our assumption is that there will be a continued selloff of AAPL, not because it’s possible to know any information about the quarter’s iPhone shipments and services revenue but because investors begin selling best-of breed names that are rarer than they were in one day.”

It is an interesting reversal from November last year, when tech stocks that were dominated by growth began to plummet and Apple frequently topped the charts. attracted investorsPeople who are seeking lower risk in the tech industry.

Apple’s prodigious cash flow allows it to withstand slowdowns while still returning shareholders profits. On total sales of $97.3 million, it generated $28 Billion in operating cashflow in March. The company reported that it spent $27 Billion during the quarter in order to buy its own shares, and also pay dividends.

Weakening consumer confidence has not started to hurt iPhone sales — in fact, in the March quarter, every single one of Apple’s businesses grew except for iPads (which Apple blamed on a chip shortage.)

When CEO Tim Cook was asked about the effects of macroeconomic conditions and inflation on its business in an earnings call last month, he said the company’s bigger problem was making enough iPhones and Macs to meet global demand — not a slowdown in demand.

Cook explained that right now our focus was on the supply.

Even if Apple does feel the negative effects of macroeconomic conditions, the company is still a well-known brand with premium profits margins and stores at key shopping centres. It also has a collection of similar products and services that are appealing to wealthy customers around the globe.

If growth slows, Apple will continue to generate enormous profits and sales — even if it’s no longer the most valuable companyAll over the globe.