Stock market value at historic high: Apple breaks the next sound barrier

The technology companies from the USA are the winners in the current pandemic – above all Apple, which is now breaking a new sound barrier on Wall Street and has reached a market value that has previously seemed almost unbelievable.

Apple is writing Wall Street history again: The market value of the iPhone giant has risen above the threshold of two trillion dollars for the first time. A US company has never traded this high. After a price increase of over five percent to more than 467 dollars, the market capitalization of the Californian tech group marked the new milestone.

Reaching this historic mark is the result of an enormous price rally – at the beginning of the year the share had cost just under $ 300. It was only in August 2018 that Apple went down in financial history as the first US company to achieve a thirteen-digit rating on the stock exchange. Whereas it took the company over 42 years to produce the first trillion, the second was added in barely more than two years. This feat can be interpreted as evidence of the continued great success that Apple continues to have with its products such as the iPhone despite a global economic crisis due to the corona pandemic.

At the beginning of August, Apple had already overtaken what had been the most expensive company in the world until then – it was Saudi Aramco, the state oil company of the Arab Kingdom. This came to a market value of 1.8 trillion dollars. However, the rise of Apple is also an indicator of the extremely high valuations of tech companies in general and the pressure to invest in the financial markets flooded with cheap central bank money.

Apple's US rivals Microsoft and Amazon are also heading towards the two with the twelve zeros in terms of market value, even if the Windows giant is currently 1.6 trillion dollars and the world's largest online retailer is still a good deal short of $ 1.65 trillion. The most expensive German company also comes from the tech industry, but at least plays a few leagues below such values ​​in terms of market value. The software company SAP currently has a market capitalization of a good 160 billion euros. In Europe, only the luxury company Moet Hennessy Louis Vuitton (LVMH) has a higher value – this is around 195 billion euros.