Apple becomes the first company with a market value of over US$3 trillion, equivalent to the fifth largest economy in the world
According to the US Consumer News and Business Channel (CNBC) on January 3, Apple became the world’s first company with a market value of over US$3 trillion during the trading session. If this value is compared with the GDP of all countries in the world in 2020, then Apple’s size surpasses the United Kingdom, second only to Germany, and is equivalent to the world’s fifth-largest economy.
In the intraday market, Apple’s share price rose to US$182.86 per share, and its market value exceeded US$3 trillion. Apple’s stock price rose to a high of 182.88 US dollars per share and then closed at 182.01 US dollars per share. Since breaking the trillion-dollar mark for the first time, Apple’s market value has tripled in less than four years: on August 2, 2018, Apple’s market value exceeded $1 trillion in intraday trading; on August 19, 2020, Apple’s share price The market value broke through 200 million U.S. dollars. The wind screenshot CNBC reported that Apple’s stock price has risen by 34% in 2021.
Thanks to Apple’s beautiful balance sheet and amazing cash flow, it is now becoming a safe haven for investors. Many analysts are also quite optimistic about it. Morgan Stanley analyst Katy Huberty recently raised the company’s target price on Apple stock from $164 to $200. She believes that when Apple releases augmented reality and virtual reality products, its stock trading prices will be higher; American investment bank Wedbush analyst Ives also believes (Dan Ives) that this upward trend will continue. 3 trillion US dollars, equivalent to the world’s fifth-largest economy. If the world’s GDP figures published by the World Bank in 2020 are used as a reference, Apple’s market value is second only to the United States (20.9 trillion US dollars) and China (14.7 trillion US dollars). U.S. dollars), Japan (5.06 trillion U.S. dollars) and Germany (3.85 trillion U.S. dollars), equivalent to the fifth largest economy in the world.
This figure exceeds the 2020 GDP of the United Kingdom, India, France, Italy, Canada, and South Korea. According to foreign media, Apple’s high market value is inseparable from the hot sales of its products. CNBC pointed out that although revenue from services and other sectors has increased significantly, the iPhone series products are still Apple’s most important source of sales revenue. According to analyst Huberty, iPhone shipments will reach 83 million in the December quarter (Q4), 3 million more than expected.
It is worth mentioning that the Chinese market is too fragrant for Apple. In November last year, the market research organization Counterpoint Research released data showing that driven by the iPhone 13 series, Apple mobile phoneThe overall sales volume increased by 46% month-on-month, the highest growth rate among all mobile phone manufacturers in China. This helps Apple surpass Vivo, For the first time in 6 years to become the largest smartphone manufacturer in the Chinese market. iPhone sales reached the top of the Chinese market in December 2015. But since Mate8 is selling well, Huawei After winning first place in the Chinese market, Apple never won first place in the Chinese market. In the context of the unreasonable suppression of Huawei by the United States, in 2021, Apple’s mobile phones will make a lot of money in the Chinese market and regain the top. According to CNBC reports, Apple’s peers are not far behind. Currently, Microsoft’s market value is approximately US$2.5 trillion, while the market value of Amazon and Google is slightly less than US$2 trillion.
Research Snipers is currently covering all technology news including Google, Apple, Android, Xiaomi, Huawei, Samsung News, and More. Research Snipers has decade of experience in breaking technology news, covering latest trends in tech news, and recent developments.
