Under the leadership of Tim Cook, it appears that Apple is moving somewhere else entirely, away from the rest of the tech giants, and this time, it is on the cusp of a huge achievement as the market value of the American company is close to exceeding the barrier of 3 trillion dollars.
Apple's market value
Apple shares are up about 1% in pre-market trading on Monday and the share price is around $181.75, and the stock needs to hit $182.85 so that Apple can cross the $3 trillion market capitalization.
Apple has exceeded the market value For the first time, the $1 trillion mark In August of 2018, and then two years later, in August 2020, Apple managed to become a powerful $2 trillion company.
And the value of Apple shares rose this year alone by more than 35% as the company benefited from the increasing demand for the iPhone 13 family along with some previous versions in addition to subscription services such as Apple Music, Apple TV Plus and i-Cloud, and the commission you get from any purchase within its app store.
The company's sales jumped nearly 30%, or more than $83 billion, in the fourth quarter that ended in September, and Apple currently has cash in cash of $191 billion.
The trillions club
If Apple were a country, it would be the fifth largest economy after Germany, as it surpassed the economies of countries such as Britain, France, Italy and others. In the technology industry, Microsoft can only try to compete with Apple in terms of market value, which amounts to 2.5 trillion dollars. Other famous companies such as Alphabet The mother of Google has a market value of about $ 2 trillion, Amazon is still a giant technology company, but its market value is $ 1.7 trillion, and for the electric car company Tesla, owned by Elon Musk, the richest man in the world today, its value reaches a trillion dollars.
Point of view
Finally, in cases of market turmoil and fluctuations that appear with inflation, recession, the outbreak of the Corona pandemic, and times of tension and fear, government bonds are usually the safe haven (safe haven means gold, liquidity and bonds) and the traditional for investors, but the rise in Apple’s stock price indicates that investors see that the i-maker -Fon is considered to have good credit risk and its shares are a safe investment similar to government bonds.
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May God increase and bless, these companies (Apple and Microsoft) the larger their size, the more power, innovations and services useful to consumers, whoever sees our condition with technology ten years ago cannot compare it today,,, Most things have become easy, fast and at hand, (shopping, entertainment, Reading, delivery 🚚 products, payment services and banking services ... etc.) Even government services have become easier, easier and faster, our work has become easier and easier, we can get work done from anywhere, anytime and any device thanks to Microsoft services. Thank you Apple, thank you Microsoft, thank you Google
I think, and God knows, that the company will easily cross the 4 trillion barrier in 2025
Money no longer has value Wait for the global collapse of money
I wish they would distribute 5% of the company's shares to those who own its products
Wonderful article