Monday, January 03, 2022
Gigantic market value
Apple has passed the three trillion dollar mark
Investors continue to access shares in the technology company Apple. As a result, the shares rose to a new record high. This catapults the company into new valuation spheres – and one expert expects that this is far from the end.
Apple is the first company in the world to break the $ 3 trillion mark in market value. The iPhone company’s shares rose to a record high of $ 182.88 on Wall Street. The market capitalization thus reached around three trillion dollars. That is more than the UK’s annual economic output and a little less than Germany’s.
“The company has a fantastic range of products and has so much to offer in the years to come,” said Craig Erlam, market analyst at brokerage firm Oanda. “Over the years there have been doubts, especially when it comes to innovation, but right now the company seems to meet all the criteria.” The jump over the market capitalization mark of four trillion dollars is therefore only a matter of time.
Like numerous other technology companies, Apple is one of the beneficiaries of the coronavirus pandemic. Thanks to the trend towards video calling or online shopping, the company’s stocks rose nearly 250 percent from their low after the March 2020 stock market crash.
According to a ranking made by management consultancy EY and the Reuters news agency shortly before the turn of the year, the software group Microsoft, with a market value of almost $ 2.6 million at the time, was in second place, while Google owner Alphabet had a market capitalization of 1.96 trillion at the time Dollar in third place. Alphabet alone was worth more than the 40 companies in the German leading index Dax combined, which came to just under 1.9 trillion dollars.