Apple has become the first company to sell the $ 3tn market, its price rising by $ 1tn in less than 16 months when the coronavirus plagued Big Tech.
The iPhone maker became a $ 1tn company in August 2018 and two years later became a company first company price 2tn. On Monday, shares in the company rose 3 percent to $ 182.86, surpassing recent highs, before returning to selling $ 182.
Apple lost its reputation briefly as the most important company in the world Microsoft at the end of October last year. However, a powerful conference in November restored his crown. Then it rose to the end of 2021, and added half a trillion dollars to its market value from November 15th.
Only a handful of companies have a value of over $ 1tn, including Tesla and Amazon. Google’s parental records and oil giant Saudi Aramco are both priced at about $ 2tn, while Microsoft’s market value is around $ 2.5tn.
Apple sales rose more than 30 percent in the same year it moves skillfully sales difficulties and profits and increased demand during the epidemic of iPhones, Macs and iPads as customers upgraded their home offices.
The price jumped in early December, with Morgan Stanley experts raising their 12-month price to $ 200, arguing that investors had never bought the expected value of additional equipment and real estate.
Moody’s also promoted Apple to a third-place finish in December, making it the third-largest company in the world to be tested by a management company, along with Microsoft and Johnson & Johnson. S&P Global still places Apple on AA +, one notch under AAA.
Tom Forte, an expert at DA Davidson, said Tesla’s interest in Tesla and electric cars is also spreading in the Apple market, expecting the iPhone maker to enter the automotive industry in the next decade.
There have also been major developments around Apple in markets taken, while the traders waved to keep the goods going.
Apple’s market value has now grown by nearly $ 2.7tn in the decade under Tim Cook’s leadership, much to the surprise of critics who questioned his credentials after taking over Steve Steve’s job.
Cook’s success has been based on his ability behind-the-scenes to master the chains of trade and commerce, while avoiding legal and political threats in Washington, Brussels and Beijing.
“Cook was seen as a safe bet but unchanged,” said Ben Wood, chief executive of CCS Insight. “But what he gave is amazing. He has made the iPhone franchise one of the most lucrative consumer electronics in history. “
Morgan Stanley analyst Katy Huberty found Apple’s price to be up about 500 percent over the past five years, surpassing the S&P 500, which gained about 105% over the same period.
As a result Apple is now trading at the highest rate in the past 30 years, up from a 23.4-year average of 23.4, according to DA Davidson.
But few experts believe the stocks are in the bubble phase. Of the 45 experts researching Apple, 35 are trying to buy and two find themselves selling, according to Bloomberg.
The powerful scenes show how Apple was enlightened by Wall Street to account for its repetitive, low-cost business that repeatedly brings in revenue and leaves its reliance on the iPhone.
Apple, which earned more money than that $ 1 billion a day in the fiscal year that ended in September, they now have subscribers paying 745m for a wide range of services including music listening, demanding videos and fitness, and information security.
Last year his labor business grossed nearly $ 70bn, double the last four years. Last quarter, the share limit reached 70.5 percent, more than double the bar on hardware sales, according to Evercore ISI.
One of Apple’s biggest threats is its stock price is that its business business pillars are driven by a change in policy.
Lawyers in Washington asked questions about what they were comparing $ 8bn- $ 12bn pay each year Labels offers Google Search to be consistent in its tools, while others look for the Apple App Store business version with a 15-30 percent discount on certain features.
So far, Apple has seemed to have no problem. In the US, Epic Games complained Apple last year due to illegal activity, but Epic lost on nine out of ten. After Apple appealed one decision, the appellate court upheld the appeal and reversed the lower court’s decision to open the App Store to pay for the payment.
In the meantime, Apple has upgraded its various devices to AirPods, Apple Watches and more.
Huberty added that the “clothing” market like the Apple Watch did not exist in 2014, but now has a “$ 38bn business – the size of the Fortune 120 company”.
Additional reports by Joe Rennison and Eric Platt in New York