COMPANIES & STRATEGIES - TECHNOLOGY

Capitalisation

Apple exceeds $3 trn on the stock market



Apple's shares reached $3 trillion in market capitalisation on the evening of Monday 3 January.  Photo: Shutterstock

Apple's shares reached $3 trillion in market capitalisation on the evening of Monday 3 January.  Photo: Shutterstock

The Apple brand exceeded, for a few minutes on Monday evening, the $3trn dollar market capitalisation. A record.

It only lasted for a while and by the close of business on Monday evening (3 January), its shares had fallen back to $182.01 (€161.02). But, shortly before 7pm, Apple, named AAPL on the Nasdaq, exceeded the $3trn capitalisation (€2,654.04bn). This is a record in the history of the stock market. At 7.10pm, the American company, known for its Mac and iPhone and its apple-shaped logo, was worth $2,988bn (€2,643bn).

Microsoft is the only other company in the world to exceed $2trn on the stock market, according to several specialist media. Apple went public in 1980 and was the first company to pass the $1trn mark in 2018. Two years later, it reached $2trn.

Steve Jobs’ company, and then Tim Cook’s, suffered from the shortage of microprocessors and pandemic effects. The arrival of the omicron variant forced it, a few days ago, to close several of its shops in New York. On the other hand, it was able to benefit from the rise of teleworking and distance learning. Its steadily rising sales and the new products it is working on may make it attractive to shareholders.

In the fourth quarter of 2021, its sales of $83.4bn (€73.78bn) were up 29% compared to the fourth quarter of 2020.

This story was first published in French on Paperjam. It has been translated and edited for Delano.