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Apple is about to become the world’s first $3 trillion company
Apple’s stock price approaches the milestone 182.85 USD/unit in the trading session on December 13. The iPhone maker has the opportunity to become the first company with a market capitalization of 3,000 billion USD.
According to Reuters, shares of Apple Inc. Apple increased about 1% to 181.75 USD/unit in trading session on December 13. Just pass the 182.85 USD/share mark, Apple will officially become the first company in the world to have market capitalization 3,000 billion USD.
At the end of the session, public shares company fell about 2% after that, closing at 175.74 USD. Last week, Apple’s stock rose about 11%, extending its period of growth of more than 30% year-to-date.
Notably, the manufacturer’s capitalization iPhone exports increased from 2,000 billion to nearly 3,000 billion in just 16 months. Currently, Apple is leading the group of large technology companies, ahead of Alphabet (Google’s parent company) and Amazon thanks to the demand for shopping for technology-related products during the pandemic.
Apple shares are being traded at 175.74 USD/dong. Photo: Tradingview.
Before that, to grow from 1,000 billion USD to 2,000 billion USD, Apple also took only 2 years.
Reaching the milestone of 3,000 billion USD once again made a mark for Apple under the reign of Tim Cook, who took over the company after Steve Jobs resigned in 2016. 2011.
“Tim Cook has done an incredible job over the past decade. That’s bringing Apple’s share price up more than 1,400%,” said Oanda analyst Edward Moya.
If Apple hits 3,000 billion mark USD, Microsoft will become the only company in the enterprise club with a market capitalization of 2,000 billion USD. Meanwhile, the capitalization of Alphabet, Amazon and Tesla just surpassed 1,000 billion USD.
The group of large technology companies has grown strongly this year largely thanks to the demand from cloud products and the change in the working model of businesses and users. The Nasdaq 100 is up nearly 26% this year, while the S&P 500 is up about 24%.
Ngoc Phuong Linh