Despite the uncertainties taking place due to the Covid-19 pandemic as well as protests across the United States, Apple shares still reached a new record high when rising 2% in yesterday trading. Closing the session last night, Apple stock is currently at 352.84 USD, the highest ever.
With this record high, Apple became the first US company with a market capitalization of over US $ 1,500 billion. (Previously, Saudi Aramco oil exploration company was the only company in the world to ever cross this milestone. They reached a market cap of $ 2,000 billion after the first day of trading after the IPO.)
Market capitalization of Apple reached 1,530 billion USD, becoming the first US company to surpass this value.
Although this market capitalization is only the current price multiplied by the number of shares traded by the company, it shows investors’ confidence in Apple’s ability to make a strong break through the pandemic. go.
Even before the official launch, rumors of new features coming to the 5G iPhone line have made many analysts optimistic about its revenue. That’s not to mention a series of other products that are waiting to be expected such as Apple Watch and AirPods, as well as the company’s service business.
While the title of the world’s most valuable technology company is often transferred between Apple, Microsoft and Amazon, the iPhone maker has beaten other major technology companies to conquer the $ 1,500 billion mark. It is possible that the other two competitors will soon conquer this milestone as many industries are starting their digital transformation.
Refer to MacRumors, FastCompany