Apple’s stock has increased in value by more than 150% over the past year, despite – or perhaps partly because of – the ongoing pandemic. During Thursday’s trading on the US Nasdaq Stock Exchange, the stock traded at a maximum of $150 each, which is the highest listing since the company announced a four-way share split in July last year.
As the stock rose, Apple’s market capitalisation reached a staggering $2.5 trillion, the highest value that any company has achieved.
By comparison, rivals Microsoft and Amazon are valued at $2.116 trillion and $1.831 trillion respectively. Google, meanwhile, is worth $1.731 trillion, while Facebook is valued at “just” $970bn.
Apple’s value has been rising so fast over recent years that analysts can hardly keep up. As recently as June 2020 one pundit predicted – with apparent plausibility – that the company would be worth $2 trillion within four years. Yet the company has instead passed $2.5 trillion within 13 months.
If you’d like to get on board Apple’s speeding train – with the caveat, of course, that shares can go down as well as up – you can find detailed advice in our guide to buying Apple shares.
This article originally appeared on Macworld Sweden. Translation and additional reporting by David Price.
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