Status: 03.01.2022 8:50 p.m.
Apple shares have been on the rise for a long time. Now the US corporation is the first publicly traded company in the world to weigh three trillion dollars. That is more than the UK’s annual economic output.
Apple was the first company in the world to reach a market value of three trillion dollars. The shares of the iPhone provider rose in the evening on Wall Street to a record high of $ 182.88 so far. 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.
Apple stock has been skyrocketing for some time. In 2021, the price of the paper had increased by almost 34 percent. This made the stocks of the most valuable listed company the eighth-best value in the leading Dow Jones index. After the price increase, the market value at the end of 2021 was $ 2.91 trillion. Thus, the Apple value at the end of the year was well ahead of Microsoft, after the software company had left the iPhone manufacturer behind in the meantime.
Both stocks are listed as technology stocks not only on the Nasdaq technology exchange, but also on the Dow Jones leading index. They are by far the most heavily weighted individual stocks there.
“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.
All major US stock indices are trending up around one and a half hours before close of trading in New York. The Dow Jones advances around 0.4 percent, the technology exchange Nasdaq just under one percent. The market-wide S&P 500 index rises almost half a percent.