The company's shares rallied in recent days, but the massive loss in value reflects difficult economic times for companies across the tech industry and beyond.
The tech-heavy Nasdaq plummeted by about one-third in 2022 while the broader S&P 500 fell 19% over that period. Apple's performance, meanwhile, fell right in between those two indexes, dropping 27% over the course of the year.
The deline of a longstanding stalwart like Apple highlights trends that thrust the U.S. economy into uncertainty in 2022, leaving it in a precarious position as the new year begins, analysts told ABC News.
The forces that have squeezed Apple and the wider economy include a shift from pandemic-era consumption that flipped the fortunes of companies large and small, a near-historic rise in inflation that triggered an aggressive response from the Federal Reserve and supply chain disruptions that eased but persisted with zero-COVID lockdowns in China, analysts said.
"You're talking about $1 trillion wiped out from the economy in one stock – it's a big number and it isn't something that should be ignored," Angelo Zino, senior industry analyst at CFRA Research, told ABC News.
Apple did not immediately respond to a request for comment.
Why Apple lost nearly $1 trillion in value in 2022 and what it says about the state of the U.S. economy.