Apple’s stock has increased in value by more than 150% over the past year, despite the logistical difficulties caused by the ongoing pandemic. And during Wednesday’s trading on the
US Nasdaq Stock Exchange, the company’s stock traded at a maximum of $145.09 a share, which is the highest listing so far in the company’s 45-year history.
This means Apple’s market capitalisation is now up to a staggering $2.387 trillion, by far the highest value that any company has ever achieved. (You might have read that, if you take inflation into account, historical firms such as the Dutch East India Company were worth even more. But this is
By comparison, rivals Microsoft and Amazon are valued at $2.089 trillion and $1.885 trillion respectively. Google, meanwhile, is worth $1.706 trillion, while Facebook is valued at “just” $980bn.
Apple’s financial milestones have been zooming past so fast and so frequently that it can be hard to keep track. As recently as June last year Apple
passed the $1.5 trillion mark, and in the same month analysts predicted it would pass $2 trillion
within four years. Needless to say it achieved this with ample time to spare.
This article originally appeared on
Macworld Sweden. Translation and additional reporting by David Price.