Home » Technology » Apple, the world’s first company valued at $ 3 billion on the Stock Market | News

Apple, the world’s first company valued at $ 3 billion on the Stock Market | News

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 raid lasted just a few seconds and occurred a little before 7:00 p.m. GMT, although afterwards the title lost some ground.

The value of Apple has multiplied since the death of the iconic Steve Jobs and especially in the context of the covid-19 pandemic.

At around 19:10 GMT, the stock was up 2.60% again at $ 182.19 and weighed in at $ 2.988 trillion at the time.

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

In early August 2018, AAPL, as Apple’s Nasdaq stock is called, 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.

Strong growth

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

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

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

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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