Apple Becomes First Company to Reach $ 3 Trillion in Market Value

Apple crossed the symbolic threshold of $ 3 trillion in stock market capitalization on Monday, becoming the first company to reach this milestone, which reinforces the success of the apple company.

The incursion lasted just a few seconds and occurred a little before the close of the markets, although afterwards the title lost some ground.

The value of Apple has multiplied since the death of the emblematic Steve Jobs and especially in the framework of the Covid-19 pandemic.

Near the end of the day on Monday, the stock rose again 2.60% to 182.19 dollars and at that time weighed 2.988 trillion dollars.

Microsoft It is the only other company in the world with a market value of more than $ 2 trillion.

In early August 2018, AAPLAs Apple’s Nasdaq stock is called, it became the first company to pass the trillion-dollar mark, 38 years after its Initial Public Offering (IPO). It only took two years to cross 2 trillion and then 16 months to exceed 3 trillion.

Nothing seems to stop the price progression of Apple, which, however, disappointed analysts with the results of its fourth quarter of the fiscal year, released at the end of October.

A shortage of silicone, an essential component in microchip manufacturing, and coronavirus-related restrictions on the group’s subcontractor factories in Southeast Asia, have cost Apple about $ 6 billion in sales.

Presenting these results, the CEO Tim Cook He explained that he expected the impact to be at least as significant in the next quarter, which encompasses the end of the year holidays.

Despite these difficulties, the firm still expected to achieve record turnover during the October-December quarter, the first of its 2021/22 fiscal year.

Some 45 years after its founding around the idea of ​​the consumer microcomputer, Apple is a company driven by sales of the iPhone.

Its flagship product, launched in 2007, generated sales of about $ 191.9 billion during its 2020/21 fiscal year (October through September), a record by far.

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Reference-www.eleconomista.com.mx

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