Apple is already reaching the peaks at the start of the year. The American multinational crossed, on Monday, January 3, the symbolic threshold of 3,000 billion dollars in capitalization, a first in stock market history, which testifies to the success of a group whose value has increased almost tenfold since the departure of the emblematic Steve Jobs. This incursion was only short-lived, just a few seconds before 7 p.m. (GMT), the title having lost a little ground thereafter.
At around 7:10 p.m. (GMT), the stock was up 2.60% to $ 182.19. AAPL, the initials for the title listed on the Nasdaq electronic stock exchange, weighed, at this time of the session, $ 2.988 billion. Microsoft is the only other company in the world with a stock market value of over $ 2,000 billion.
Despite a loss of six billion dollars in sales
In early August 2018, it became the first company to pass the $ 1,000 billion mark, 38 years after its IPO, Apple only needed two years to cross $ 2,000 billion, then 16 months to go beyond of 3,000 billion. Nothing seems to be able to stop the progression of Apple’s price, which however disappointed analysts during its last quarter, completed at the end of September and published at the end of October.
The shortage of silicone, an essential component in the manufacture of microchips, as well as disruptions linked to the coronavirus at the group’s subcontracting factories in Southeast Asia, have cost Apple around six billion dollars in sales.
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When presenting these results, CEO Tim Cook explained that he expected the impact to be at least as significant in the following quarter, which covers the end of year holidays. Despite these difficulties, the firm still expected to achieve record sales during the quarter from October to December, the first of its 2021/22 fiscal year.
Some 45 years after its founding on the idea of the consumer microcomputer, Apple is a company driven by iPhone sales. Its flagship product, launched in 2007, generated some 191.9 billion dollars in sales during its 2020/21 fiscal year (October to September), by far a record.