billion as of late 2022], the SVB meltdown created significant indirect exposure for its ecosystem and catalyzed Apple’s own pivot into high-yield financial services. The SVB Meltdown and Apple's Ecosystem
In March 2023, Silicon Valley Bank suffered a "Twitter-fueled" bank run, losing billion in deposits in a single day after disclosing a Apple 2023.svb
billion loss on bond sales. This crisis hit Apple's supply chain and investor base: billion as of late 2022], the SVB meltdown
‘Absolutely idiotic’. SVB insider says employees are angry with CEO billion as of late 2022]