On Wednesday, the iPhone manufacturer’s market capitalization jumped the magic threshold.
New York. It’s been two years since Apple first passed the one trillion (or one thousand billion) dollar mark. Apple should not keep its status as a billionaire company for long, it followed a slack in the last quarter of 2018. Many feared that Apple was too dependent on the iPhone and the demand for smartphones could decline. Apple is now less dependent on it, but demand for the important product is still good.
Apple shares recovered before the corona crisis sent the corona crisis down again. But Apple has also eliminated this dent. Since the beginning of the year alone, the share has risen by almost 60 percent. On Wednesday, Apple briefly jumped $ 2 trillion in market capitalization. A share cost 465 dollars at times, more than ever before, but the price then fell back. Apple is still by far the largest listed company. The Californians have even left the oil company Saudi Aramco behind. Its market value on Thursday was the equivalent of $ 1.8 trillion.
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