Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) are two of the world's leading tech companies, with market caps at $961 billion and $2.35 trillion, respectively. Rising inflation triggered reductions in consumer spending and effectively made the segments responsible for 84% of Amazon's revenue unprofitable. The issues made critics question Apple's reliance on China for manufacturing, as iPhones earned 52% of the company's total revenue in fiscal 2022.