ΠΠ°ΠΊ last week, Apple Inc. reached a historic high. Apparently, this is far from the limit. Today, the value of the company's shares has risen by more than two percent. With this in mind, the market capitalization of the Californian tech giant has exceeded one and a half trillion dollars, making Apple the first American company to cross this mark.
Only one company in the world can boast of a higher capitalization - Saudi Aramco, which entered the stock exchange only in 2019. It is valued at $1,685 trillion. The organization is registered in Saudi Arabia and is engaged in oil production. Among technology companies, Apple is the undisputed leader. With a current price of about $352 per share and about 4,3 billion shares in circulation, Apple has a market capitalization of about $1,53 trillion.
After hitting an all-time high in late January, Apple's share price has fallen as much as 35% due to the crisis caused by the coronavirus pandemic. Last Friday, the Cupertino tech giant's share price returned to pre-crisis levels, after which it has been rising rapidly to this day.
Source: 3dnews.ru