Since last spring, Apple’s share has increased in value by 150%, despite the difficulties caused by the ongoing pandemic.
During Friday’s trading on the US Nasdaq stock exchange, the
stock traded at a peak of $139.85, the highest listing so far in the company’s 45-year history.
This means Apple’s market capitalisation is now up to a staggering $2.34 trillion (roughly £1.7 trillion), by far the highest value that any company has achieved. Some indication of how quickly the company’s value has grown can be gleaned from a prediction last summer that Apple would be
worth $2 trillion by around 2024. Indeed, it passed the trillion mark as recently as 2018.
Apple has also been recently named as the
world’s most valuable brand.
By comparison, rivals Microsoft and Amazon are valued at $1.7 trillion and $1.65 trillion respectively. Google, meanwhile, is worth $1.28 trillion, while Facebook is “only” worth $782bn.
If you’re considering a dip into the stock market, read our
guide to buying Apple shares. We also have details of
Apple’s 1st quarter 2021 financial results.
This article originally appeared on
Macworld Sweden. Translation by David Price.