Apple is close to be the first ever $3 trillion company after gaining 35% in the year
The technology company has almost touched that barrier on Monday (12) with a record value of $2.98 trillion, the result of multiplying its 16.410 million shares by the $182.13 dollars at which it traded at its highest point.
The technology giant led by Tim Cook, which debuted on the stock market in 1980, managed to surpass the trillion dollar barrier at the beginning of August 2018 and it took just over two years to make history and be the first to surpass the two trillion.
Now, it has improved its growth rate, and a little over a year later it hopes to add another 1 trillion to its market value. It will make history again when its shares exceed $182.8.
The ‘shock’ of the markets due to Covid-19 also affected the technology company, which fell by 31% but since then it has maintained an upward trend that has allowed it to recover what was lost and set new historical highs. The main boost was registered in 2020, when in the year it appreciated by more than 75%, even more than in 2019.
The $3 trillion in capitalization is relevant when put into context. Apple’s market value places it as the ‘fifth largest economy’ in the world, surpassing the GDP of countries such as the United Kingdom, France or India. In addition, it is three times higher than the Spanish stock market as a whole, according to BME data for November.
Apple’s new level increases its difference compared to other large companies. Microsoft, Alphabet (Google), Saudi Aramco, Amazon, and Tesla round out the trillion-dollar pool, but only the former exceeds two trillion in capitalization currently.